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?
Wonders shall never cease.
Anyone that believes in what JP Morgan said about Bitcoin being overpriced is totally naive cause JP Morgan once predicted the price of Bitcoin to climb up to
$130,000 price range.
Now they are saying it is overpriced, they just want to cause fud so that people can take profit.