JPMorgan Chase also believes that the rebound following Bitcoin’s halving has been anticipated and sees better performance in mining companies compared to Bitcoin. Even at the end of last year, JPMorgan Chase claimed that the halving market had already been price-in, but Bitcoin rose by 68% in the first quarter.
Halving rally already priced in? Deutsche Bank, JPMorgan, and Goldman Sachs unanimously bearish on Bitcoin halving.