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?
Me personally think that not only BTC is overpriced, but all markets in general. Although it is pretty easy to see how this is possible. With all the moneyprinting people have to much "money". A few way more then the rest of us ofcourse
. Time will tell what will happen, intrest rates go up markets will crash including BTC, moneyprinting continues, markets will go a little longer higher and then crash even harder. Either way it's No Bueno!