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?
He's at it again, we should stop giving this guy any attention that he needs. He's taking the fame extremely into his favor by these media giving him the attention that he wants. He's a known guy that plays good and bad to the market, today he'll say that and then tomorrow, he'll say something positive. It's too overpriced as he said because he wants people to sell and start panicking so that he'll start picking those bitcoin in pieces at the cheapest possible price that it can with such move he create.