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International Business Times
International Business Times
Business
Marvie Basilan

JPMorgan, Goldman Warn Investors This Bitcoin Halving Will Be Unlike Previous Cycles

Historically, Bitcoin prices climbed post-halving, but this cycle could be different from the past, considering the current rocky environment in financial markets. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • Goldman noted that the prevailing macro conditions today are different from the past
  • JPMorgan analysts believe there will be a "downside" on Bitcoin prices post-halving
  • Bitcoin has climbed back to $63,000 after it slumped to $60,000 Wednesday

Two of the world's most prominent investment banking giants warned that the expected April 20 Bitcoin halving won't have the same pattern as other cycles, considering the different macro trends that surround the much-anticipated event this time.

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