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?
I suppose that the Bitcoin is really overpriced and the reason for this may be the economic situation in the US and in the world in general. Just look at the stock market. There you will also see an overheated market. There is nothing surprising in this. These are the consequences of printing and distributing unsecured money. You've probably heard about this more than once already.