The cryptocurrency markets and industry are set for greater acceptance from mainstream investors and companies this year, JPMorgan equity research analyst Kenneth Worthington wrote in a note to clients Friday.
JPMorgan sees 2022 having potential to be “the year of the blockchain bridge (driving greater interoperability of various chains) or the year of financial tokenization.”
Regarding bitcoin, JPMorgan says it’s “particularly well-designed as a modern store of value, and the strong design has contributed to the increased confidence in and value of Bitcoin.” However, bitcoin still comes up short against other stores of value, including gold, given its limited history, according to Worthington.
