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?
Overpriced is a bit too much.
The price of Bitcoins is something that is generally defined by investments and not actually by a general person or a body therefore, more the people invest in it, more the value of Bitcoins would be. Which does mean that government, people, everyone they hold immense power over something like *bitcoin*, there is no centralize body, yes manipulations are always there but they also have a limit to these manipulations.
What does these statements mean ? What would they might do ? They might influence the people, people who follow them, that they would try and sell but I do think we are all done with these manipulations for the time being. I do think people just want the price to crash, so they can buy more and hold more for themselves.
This is basic manipulation strategy, situations or statements like these should be ignored.
please ignore them. Lol 
