As per BitcoinSistemi, JPMorgan analysts stated that Bitcoin's short-term price is more influenced by the financial resilience of Strategy, the largest institutional Bitcoin holder, than by miner selling pressure. The report highlights that while miner costs have fallen to $90,000, Strategy's $1.44 billion in USD reserves and a debt-to-Bitcoin metric of 1.13 indicate it is not under selling pressure. The firm also noted that the MSCI index decision on January 15th could impact Bitcoin and Strategy's stock price.
JPMorgan: Strategy's Financial Resilience Key to Bitcoin's Short-Term Price
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