JPMorgan launched JPM Coin on the Base blockchain as institutional crypto adoption accelerates. Bitcoin has decoupled from global money supply trends over 90 days, historically a signal to catch up, with potential targets of $150,000 to $180,000. BlackRock, Fidelity, JPMorgan, and federal agencies are all moving into crypto despite retail skepticism.
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Pretty wild. JP Morgan just launched the JPM Coin for institutional clients. Looks like it's going to be running on Base. Brian Armstrong, the CEO of Coinbase, talks about this. This is the guy who said he'd fire anyone caught trading Bitcoin, now launching their own crypto token. The famous chart that many people keep pointing to in crypto— this is global M2, which is just money printing happening around the globe, paired against Bitcoin. Bitcoin tends to follow this very closely. The last 90 days, there's been quite a decoupling here between Bitcoin and M2. Now, whenever these decouplings happen, one of the prices usually catch up. We— a lot of people think Bitcoin is going to catch up to this. This would put Bitcoin around maybe $150,000 to $180,000. There's another way looking at this chart. Again, Bitcoin versus global M2 decoupling. Usually what happens is Bitcoin catches up to where that goes. Keep saying this on here, but I am incredibly bullish on crypto. I know price has been down the last 90 days or 60 days. Who cares? Like, we have every BlackRock, Fidelity, JPMorgan Chase, the Fed, chairman of the SEC, the IRS, all working on building on talking about crypto in some way, shape, or form. Yes, price can chop. Price can go up and down. We are in a massive cycle of adoption at the institutional level right now. Retail hates crypto. Institutions love crypto.
