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?
Usually this kind of statement is not surprising, and on the contrary, you should hold that the opposite are going to happen here.
Or they just wanted to buy cheap Bitcoin again because they have history of creating FUD or at least jumping on some FUD and then when the market is affected negatively, they are going to buy ton of cheap bitcoin, sell at a a right time to make profit.