⭐ Merited by NeuroticFish (1)
JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever
The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?
I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.
The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?
I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.
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 is funny that we are discussing two articles here, one published on November 3rd and the other one on November 4th, significantly contradicting each other. They literally say that the fair value of Bitcoin should be around $35,000 while one day before they talk about the $146,000 price target. Going for a fair value assessment for Bitcoin is doubtful anyway, but that discrepancy is funny to say the least. It is not like they corrected their price target by 10% or so.
The good thing is we all have been around for a while and we know that JP Morgan changes their mind every couple of days. https://dailyhodl.com/2021/11/04/jpmorgan-analysts-challenge-100000-bitcoin-predictions-say-btc-currently-overpriced-report/