JPMorgan Maintains Bullish 2026 Crypto Outlook, Estimates Bitcoin Production Cost at $77,000

BTC2.28%

According to JPMorgan Chase analysts led by Nikolaos Panigirtzoglou, the bank recently maintained a bullish outlook on cryptocurrency markets in 2026, citing expected acceleration in institutional capital inflows and regulatory clarity. The analysts stated they anticipate digital asset inflows will continue rising, with institutional investors driving this growth phase.

Digital asset market capitalization has declined from $3.1 trillion a month ago to $2.3 trillion currently, following a sharp selloff on October 11. JPMorgan’s team estimates Bitcoin’s production cost at approximately $77,000 per coin, which could establish a new price equilibrium if BTC trades significantly below this level for an extended period.

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