Bitcoin Decline Continues as JPMorgan CEO Warns of Financial Crisis Similarities

The cryptocurrency market has been experiencing a decline recently, with Bitcoin leading the way down. The cause of this decline is attributed to increased U.S. tariff uncertainty, which has put pressure on investor sentiment and pushed cryptocurrencies lower alongside equities.

JPMorgan's CEO, Jamie Dimon, also warned about similarities between current conditions and those before the 2008 financial crisis. He noted that some lenders are taking excessive risks in order to generate net interest income, describing these actions as 'dumb things' designed to boost short-term returns.

CryptoQuant data shows that Bitcoin's recent slide aligns with weakness in the Coinbase Premium Index, and analysts warn of further downside risks. Despite this, TD Cowen has outlined a higher long-term valuation path for Bitcoin, potentially reaching $450,000 per coin over time. This scenario assumes a 100-fold rise in tokenized assets and a 90% drop in velocity.