JP Morgan Bullish on Bitcoin as Hashrate Rises: Best Crypto to Buy Now #CriptoNews

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Bitcoin is in sight of JP Morgan this week – its analyst noticed that the network’s heart rate is increasing – and they’re going to start letting customers buy Bitcoin ETFs.

Hash rate is the measure of computational power securing the Bitcoin network. The higher it goes, the more difficult it would be for a bad actor to hack the blockchain.

JP Morgan isn’t known for its pro-Bitcoin takes, it used to be known for the opposite. As such, these recent developements signify a huge boon to Bitcoin’s credibility and reflect a broader shift toward Bitcoin interest among global financial leaders.

But as JP Morgan shows interest in Bitcoin, a new project is catching in the eye of smart traders. It’s called BTC Bull Token ($BTCBULL), and it’s a meme coin that pays real Bitcoin rewards.

It’s currently undergoing a presale, where it has raised $6 million so far. The current $BTCBULL presale price is $0.00252, but this will rise throughout the campaign with the next increase in just one day. As such, potential investors should act now to avoid missing out.

JP Morgan flips its Bitcoin stance?

JP Morgan has made headlines twice this week for its Bitcoin interest, both for noticing its rising hash rate and for promising to protect its customers’ rights to buy.

Analyst Wolf of All Streets reports Bitcoin’s rising hash rate caught the attention of the American multinational bank.

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JPMORGAN SAYS BITCOIN NETWORK HASHRATE ROSE SLIGHTLY IN FIRST TWO WEEKS OF MAY

— The Wolf Of All Streets (@scottmelker) May 19, 2025

Bitcoin’s hash rate currently sits at 854,838,984 TH/s, after a near-vertical uptrend since its inception, as reflected on the chart data provided by Blockchain.com.

A rising hash rate reflects increased computational resources being allocated toward mining Bitcoin. In addition to signalling network health, it also reflects growing Bitcoin demand.

But JP Morgan didn’t just acknowledge Bitcoin’s rising hashrate; they promised investors the right to buy $BTC.

While they won’t custody it for them, but JP Morgan boss Jamie Dimon said its customers will soon be allowed to buy Bitcoin ETFs.

“We are going to allow you to buy it,” he said at Monday’s annual investor day. “We’re not going to custody it. We’re going to put it in statements for clients.”

Given Dimon’s track record of being overtly critical of Bitcoin, the latest move is a breakthrough. Not only does it open the door to increased capital inflows to the Bitcoin market, but it also bolsters the asset’s legitimacy.

It’s also reported that JP Morgan has upgraded its Bitcoin outlook, anticipating it will outpace gold in 2025.

💥JUST IN: JP Morgan expects Bitcoin to outperform Gold in 2025.

“More upside for Bitcoin over gold into the second half of the year.”

— Bitcoin Archive (@BTC_Archive) May 18, 2025

JP Morgan is one of the world’s largest banks – and it’s warming to Bitcoin. Yet, it’s far from the only one. World-leading asset manager BlackRock has long been a Bitcoin proponent, as have other top asset managers like Fidelity and Franklin Templeton.

Meanwhile, governments continue probing Bitcoin adoption. The latest news break comes from Panama City as its mayor, Mayer Mizrachi, hinted toward a potential Bitcoin reserve this week. This follows a meeting with two Bitcoin policymakers from El Salvador, a nation famous for its Bitcoin adoption.

Bitcoin Reserve 🚀

— Mayer Mizrachi (@Mayer) May 16, 2025

But as sophisticated players gain a deeper Bitcoin appetite, a new project is emerging and it shows real potential for gains.

BTC Bull Token is the meme coin that pays real Bitcoin rewards

During bullish market periods, meme coins tend to perform well. And with Bitcoin adoption rising, there’s a strong likelihood that Bitcoin, and by extension, the broader crypto market, will rise in the coming months.

But one project set to disproportionately benefit is BTC Bull Token. It’s a meme coin that pays real Bitcoin rewards.

The project has vibrant Bitcoin-themed artwork and an enigmatic bull mascot, often seen sporting a mix of Bitcoin and USA attire. But while all of this could help BTC Bull Token go viral, its staying power lies in its Bitcoin rewards

It’ll track Bitcoin’s price and run airdrops at key milestones. The first Bitcoin giveaway will occur when the price hits $150K, the second at $200K, and then there will even be a $BTCBULL airdrop when it reaches $250K.

There are also staking and burning mechanisms that help bolster the project’s supply and demand dynamics.

Behind the light-hearted facade of a Bitcoin-themed meme coin, BTC Bull Token is rooted in innovative tokenomics and community reward mechanisms. It’s a setup that could create huge demand, thus, bolstering its price.

As to how far it could go, analysts from Bitcoin-focused media outlet 99Bitcoins say it could 100x.

Last chance to buy $BTCBULL at $0.00252

Price increases occur throughout the BTC Bull Token presale, and the next is planned for in just one day.

For investors hoping to catch the 100x gains that 99Bitcoins analysts say are possible, now is the time to act.

With Bitcoin adoption increasing globally, BTC Bull Token could prove an ingenious way to capatilze. Its meme coin allure makes it appealing to everyday investors and industry newcomers, while its Bitcoin rewards may even pique the interest of more sophisticated players seeking to compound their large Bitcoin positions.

You can follow the project on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.

Visit BTC Bull Token Presale