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?
They can say all the things that they do want because no one could actually make out precise predictions on what price Bitcoin should be playing on.
100k price isnt really just too overpriced because everything will really vary with the demand itself and that would be setting out no definite price
Its just expected that Banksters would always have negative impressions or thoughts towards crypto specially on Bitcoin and its not actually surprising.