Crypto Bull Run Expected After 2023 - JP Morgan

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The Crypto Market Has Taken a pause From the recent Sell-off due to unfavorable macroeconomic conditions

JP Morgan believes that the bottom for risk assets and the stock market is very near. Global Head at JP Morgan, Marko Kolanovic, reveals that he is bullish on the market.

Marko does believe that the Fed will continue with its hawkish stance. According to him, the Fed will decide on a 75 bps interest rate hike at tomorrow’s FOMC meeting.

He also predicts that Fed will start cutting interest rates early in 2023 which will backstop the equity market. He reveals that a strong rally can be expected thereafter.