Post
Topic
Board Bitcoin Discussion
Topic OP
JP Morgan believes Bitcoin is Overpriced
by
Blawpaw
on 04/11/2021, 12:53:27 UTC
JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?