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?
What do you guys think about this?
It's a never ending story with JP Morgan.. They always sell fake news. I have been observing their predictions for several years. Actually, since they first said something about Bitcoin, it was obviously negative predictions, just like it is now. In 90% of them they are opposite to what happens next.If JP Morgan says Bitcoin will never reach $100k, at this point I am 100% sure that $100k will be achieved and it will happen quite soon.