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Topic: JP Morgan believes Bitcoin is Overpriced - page 6. (Read 654 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
November 04, 2021, 08:18:58 AM
#6
JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.
Where is the article, if that link you posted above is what you used for this, then you can read the quote below which I got from the article in the link you posted above.

Take bitcoin, an asset the JPMorgan team views as a competing investment for gold. With the coin’s volatility roughly four times that of the precious metal, the firm’s model puts its fair value at around $35,000. Should the relative volatility get halved into next year, then a price target of $73,000 “seems reasonable,” the strategists said. The coin traded Tuesday as high as roughly $64,300.

“This challenges the idea that a price target of $100k or above, which appears to be the current consensus for 2022, is a sustainable bitcoin target in the absence of a significant decline in bitcoin volatility,” the strategists wrote. “Digital assets are on a multiyear structural ascent, but the current entry point looks unattractive.”
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
November 04, 2021, 08:18:38 AM
#5
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?

 


We don't need to pay attention on what JP Morgan says about bitcoin price. Its his point of view and it is not necessary the right analysis for bitcoin. Most of his words are for some hidden purpose and may not reflect his true point of view. These are the people who try to manipulate the market by their words because they are famous and people believe what they say.
sr. member
Activity: 1372
Merit: 322
November 04, 2021, 08:16:22 AM
#4

Haven’t you heard this? Maybe they are now looking for buying as much as bitcoin under $100k and simply want the process to be delayed  Cool Think from that point  Cheesy I'm sure we are going to see $100k. Who care what did such retard says? They were negative all the time from the beginning to now. But they couldn’t prevent BTC to be accepted globally.
legendary
Activity: 2282
Merit: 3014
November 04, 2021, 08:14:24 AM
#3
As someone who's worked in finance for over 15 years now one thing that I've come to the conclusion of, an irrefutable conclusion, is that big banks are extremely corrupt, and that starts with the Worlds second biggest bank which we are discussing right here...JP Morgan Chase Bank.  Jamie Dimond is an absolute fool and the corruption ring master so anything that comes out of this institution I take with a large grain of salt.
legendary
Activity: 2856
Merit: 1519
November 04, 2021, 08:04:11 AM
#2
They have a conflict of interest to begin with, even if their estimations are in good faith, which I doubt. They're suggesting that groups invest in real estate or hedge funds oppose to crypto which is awfully convenient for them, considering investment consulting groups aren't really needed to invest in crypto to any significant degree - you purchase and hold, that's the extent of investing in Bitcoin.

As for their projections, mere speculation at most. Volatility's always been an issue, and it's a problem that should become less prevalent the more adoption there is.
legendary
Activity: 1596
Merit: 1027
November 04, 2021, 07:53:27 AM
#1
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?

 
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