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JPMorgan projects strong decade performance for bitcoin, JPMorgan projects

JPMorgan projects strong decade performance for bitcoin, JPMorgan projects
JPMorgan expects strong bitcoin performance

JPMorgan has projected that bitcoin will be the best-performing asset of the decade. Sumit Gupta, co-founder and CEO of CoinDCX, described this view and also commented that access to bitcoin is improving and awareness is rising globally, including in India.

India collected ₹1,096 crore in crypto TDS from FY22-23 to FY24-25, with uncollected TDS since July 2022 estimated at ₹19,049 crore, according to official data. CoinDCX recently gained national exposure through a segment on SonyLIV's Family Fun House, which Sumit Gupta described as a boost for public crypto awareness. These developments highlight the rising profile of cryptocurrencies in India.

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