The JP Morgan global research team has presented an optimistic outlook for cryptocurrencies in the report, entitled “Decrypting Cryptocurrencies: Technology, Applications, and Challenges.”

The bearish outlook from major fund managers and big banks added sTron (available on Binance)gly to the crash of cryptocurrency prices.

Chief Executive Jamie Dimon had sTron (available on Binance)gly criticized Bitcoin (available on Coinbase) and other digital currencies. Goldman Sachs and Warren Buffett have followed his footprints; warning investors against the cryptocurrency mania for fears of a bad ending.

The Upbeat Outlook from JP Morgan’s Research Team

However, JP Morgan’s research team has painted a different picture; the team predicts cryptocurrencies have the potential to attract investments in the years to come, especially from investors and traders who are doubtful of regulated and centralized markets.

“Cryptocurrencies are unlikely to disappear completely and could easily survive in varying forms and shapes among players who desire greater decentralization, peer-to-peer networks, and anonymity, even as the latter is under threat,” JPMorgan research team said.

The research team has highlighted sTron (available on Binance)g confidence in the blockchain technology. The blockchain technology has the potential to change global dynamics in terms of storage and tracking perspective.