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Interesting development:
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Does anyone get the feeling JP Morgan is inaccurate here.
The natural scenario appears to be one where most flock to
BTC and crypto in the near future. If inflation rises. Prices trend upwards. And concerns about lockdowns coupled with stimulus spending mount. Employees and the private sector will naturally embrace previous metals and
BTC in an effort to insulate themselves from negative effects associated with fiat devaluation, inflation and stimulus spending.
I remember a time around 10 years ago when many europeans thought the EU would fail and euro would devalue due to concerns about greece. Many in europe bought big screen TVs and other items, to retain the value of their money, expecting the euro to crash.
I would be interested to know why JP Morgan says history would not repeat itself here.
It could be that these large firms are waiting for a much cheaper entry to Bitcoin since the current price is higher than previous years. They might avoid buying from the peak and go for a bit dip to jump in. History in crypto most especifically in Bitcoin might repeat but not the prices because it is hard to say we are going backwards like $3,000 again too long to wait for that, maybe $20k or $30k would be great but we don't know when.