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?
Nothing is impossible if the price of BTC reaches $100, day by day more and more people are buying and using BTC to trade and invest. Massive adoption of Bitcoin because Bitcoin has very profitable uses such as, as a means of payment, investment, trading. The number of bitcoins is limited, which is only 21 million Bitcoins, many people think that the price of bitcoin will continue to rise from year to year because there is too little supply of Bitcoin.