JPMorgan sets Bitcoin Target to $130K Predicting Strong Institutional adop.

[ConnerDalfino]

Limitations of JPMorgan’s analysis:

1-they only consider matching private investment, ignoring public sector holdings

2-they do not consider that in a digital economy, it is easier to acquire and hold Bitcoin than it is to buy physical gold. Therefore bitcoin has a market value potential that can exceed gold many times over.

What are your thoughts?

[Tytanowy Janusz]

2-they do not consider that in a digital economy, it is easier to acquire and hold Bitcoin than it is to buy physical gold. Therefore bitcoin has a market value potential that can exceed gold many times over.

Fair point but... gold is used not only as safe haven but also in jewellery, Electronics.

I think they also did not take "lost bitcoins" into consideration. I bet that bitcoin is now deflationary. Currnt inflation after fork is only 1.6%. Most likely the amount of lost bitcoins is bigger than 1.6% of supply annually.

[Jating]

2-they do not consider that in a digital economy, it is easier to acquire and hold Bitcoin than it is to buy physical gold. Therefore bitcoin has a market value potential that can exceed gold many times over.

Fair point but... gold is used not only as safe haven but also in jewellery, Electronics.

I think they also did not take "lost bitcoins" into consideration. I bet that bitcoin is now deflationary. Currnt inflation after fork is only 1.6%. Most likely the amount of lost bitcoins is bigger than 1.6% of supply annually.

Yes, and I think there's no surprised here. Many has seen bitcoin's narrative has evolved already. Institutions are investing and hedging their balance sheet on bitcoin.

But we all forget that there are still retail investors or traders, which is also very important to keep the ecosystem in check. So it's a balance between institution and retail investors that will fuel the massive pump to six digits this year. So for me, they also need to consider ordinary and average joe traders/investors.

[Kong Hey Pakboy]

Isn't JPMorgan's CEO Jamie Dimon hates bitcoin a lot, be careful with their stance people because this is an institution that is owned by hypocrites that says bitcoin is good but at the same time bitcoin is bad. They want to look good to the public because they are creating a bitcoin ETF that is unfavorable to the people that are going to invest in it because you don't own the bitcoin that is in the ETF and there are a lot of flaws and downsides in this ETF, Andre Jikh covered this thing and whether you don't agree with him or not, you have to be careful with JPMorgan.

[Tytanowy Janusz]

Yes, and I think there's no surprised here. Many has seen bitcoin's narrative has evolved already. Institutions are investing and hedging their balance sheet on bitcoin.

But we all forget that there are still retail investors or traders, which is also very important to keep the ecosystem in check. So it's a balance between institution and retail investors that will fuel the massive pump to six digits this year. So for me, they also need to consider ordinary and average joe traders/investors.

Check out this thread. https://bitcointalk.org/index.php?topic=5327971.msg56696242#msg56696242

IMO institutional investors will push BTC price to unimaginable numbers. Not $130k as JPMorgan estimates. Not even 1M$. Much higher. Retail invesotrs will play almost no role in this pump.

[blockman]

It has been discussed long ago that it's easier to buy and own bitcoin than to buy and own gold. They're just realizing it later when the price has skyrocketed and IIRC, JP Morgan, and its owner was once shown that they don't like bitcoin but that's the agenda for which they've been accumulating already before the others did. $130k is just their prediction but it could go higher than that.

[momchilandonov]

Even JP morgan is already bullish, what a great time to live

[tyz]

2-they do not consider that in a digital economy, it is easier to acquire and hold Bitcoin than it is to buy physical gold. Therefore bitcoin has a market value potential that can exceed gold many times over.

Fair point but... gold is used not only as safe haven but also in jewellery, Electronics.

Yes, but only to a small extent. In the Western world, gold is predominantly used as an asset hedge. In countries like India or China, it's a bit different, but even if demand for gold jewelry were to collapse, that wouldn't affect the price of gold that much at the moment.

JP-Morgan's arguments are understandable, even if I am fundamentally skeptical of the bank.

[Lucius]

JPM has already become a regular in such statements, so if you look a few months back you can read articles like this:

In a note published Monday, JPMorgan made a bold long-term price target for bitcoin, claiming the red-hot cryptocurrency could rally as high as $146,000 as it competes with gold as an “alternative” currency.

Their speculation is actually largely based on BTC market share relative to gold, or in other words whether investors will start turning more to digital gold. Yet JPM in some of its speculations goes so far as to raise the possible price as high as $650 000, but even though it is the largest US bank these are just speculations based on what could happen if everyone literally goes crazy for BTC.

The investment bank reckons that if Bitcoin stays the course and draws more investors, it could reach a price level of $650,000. JP Morgan fancies this being the case if the crypto attains the same market cap as gold. Of course, this won’t happen in the near future. In the report, JP Morgan asserts that by virtue of increased institutional adoption of Bitcoin, the price jump will likely happen sooner than it had been expected.

[Poker Player]

Yes, and I think there's no surprised here. Many has seen bitcoin's narrative has evolved already. Institutions are investing and hedging their balance sheet on bitcoin.

But we all forget that there are still retail investors or traders, which is also very important to keep the ecosystem in check. So it's a balance between institution and retail investors that will fuel the massive pump to six digits this year. So for me, they also need to consider ordinary and average joe traders/investors.

Check out this thread. https://bitcointalk.org/index.php?topic=5327971.msg56696242#msg56696242

IMO institutional investors will push BTC price to unimaginable numbers. Not $130k as JPMorgan estimates. Not even 1M$. Much higher. Retail invesotrs will play almost no role in this pump.

Much higher probably but not in this cycle. The highest prediction I've seen is the supercycle theory which far exceeds all the others, predicting that we could reach $1M this cycle.

[btcsmlcmnr]

Limitations of JPMorgan’s analysis:

1-they only consider matching private investment, ignoring public sector holdings

Investments in bitcoin should be made from your investigations as well as JP Morgan's. Additionally, it should be made with confidence after your due investigations on protocol of bitcoin. If one investor has comprehensive thoughts on bitcoin deflationary specifications, investments will be made without fear of loss in long term.

2-they do not consider that in a digital economy, it is easier to acquire and hold Bitcoin than it is to buy physical gold. Therefore bitcoin has a market value potential that can exceed gold many times over.

Bitcoin is better than gold and they are different so you can not compare them correctly. With the inflation in CBDC systems on the globe that is shown publicly with supports from the Covid-19 and QEs, bitcoin will be on the huge booster to the Moon.

Gold can be another good investment but per its instinct, it won't have big growth as bitcoin.

[davis196]

Limitations of JPMorgan’s analysis:

1-they only consider matching private investment, ignoring public sector holdings

2-they do not consider that in a digital economy, it is easier to acquire and hold Bitcoin than it is to buy physical gold. Therefore bitcoin has a market value potential that can exceed gold many times over.

What are your thoughts?

Any link to the source?
I don't mind,if the Bitcoin price gets to 130K USD.
1.What do you mean by public sector holdings?No government in the world will be buying BTC anytime soon.
2.It's wrong to compare a digital purchase with a physical purchase.People can buy gold contracts and they can trade gold online.I know that they are trading a bunch of numbers on a dashboard,but this Bitcoin futures trading is basically the same.
I've heard rumors that the gold market is heavily manipulated and the gold price is undervalued.Maybe Bitcoin will have the same market cap as gold sooner that we thought.

[freedomgo]

They were joking in the past, I thought they were against bitcoin.
JPMorgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto

Now, look at them... they are so bullish with bitcoin.
It has already registered in my mind that Jamie Dimon is against bitcoin, but things have changed now I believe.

[Wind_FURY]

What are your thoughts?

I have always believed that the next lowest price/floor for Bitcoin during the next bear market would be $60,000. The last ATH was $20,000, floor was $3,000. That’s an 85% loss in price. Next floor for me, $60,000, 85% loss in value from an ATH of $400,000.

[Fundamentals Of]

Was there even an analysis? Or was it just a rough estimate, just a little better than a wild guess?

It is good that even JPMorgan is already thinking that Bitcoin is going to make it big in the world. I am not a fan of JPMorgan and other giant banking institutions of course but knowing the power and influence these institutions have even over world leaders, Bitcoin will definitely benefit from this bullish outlook.

[electronicash]

Isn't JPMorgan's CEO Jamie Dimon hates bitcoin a lot, be careful with their stance people because this is an institution that is owned by hypocrites that says bitcoin is good but at the same time bitcoin is bad. They want to look good to the public because they are creating a bitcoin ETF that is unfavorable to the people that are going to invest in it because you don't own the bitcoin that is in the ETF and there are a lot of flaws and downsides in this ETF, Andre Jikh covered this thing and whether you don't agree with him or not, you have to be careful with JPMorgan.

i've watched Andrei Jikh video about this in which JP morgan is up to creating crypto ETF. he also emphasizes that investors might really not like the idea of it for not owning the real BTC but just the ETF.  no keys, not your coins phrase will always be the case.

$130K is good, i still think that institutions going all-in in Bitcoin will bring the market wildly that even the altcoins like doge will be pumped high.

[lifeforcepools]

This year? In the next one? When?

[hugeblack]

Avoid listening to all the Bitcoin recommendations that the banks have been exposed to, if they are wrong about the price and that it is a bubble, we will explode at any time, nothing happened to change the way they view investment.

I see that all that is happening is a result of people trying to link the price to good estimates, meaning that we are in a market where emotions rule, and a lot of people make analyzes based on market psychology and not on something that can be trusted.

Reaching the highest peak can take more than 6 months and is therefore impossible to predict.

[Fesatmas]

But we all forget that there are still retail investors or traders, which is also very important to keep the ecosystem in check. So it's a balance between institution and retail investors that will fuel the massive pump to six digits this year. So for me, they also need to consider ordinary and average joe traders/investors.

Small traders and investors are an important element in the growth of bitcoin today, because many of them are massively spread even within one minute of each transaction block filled and very significantly dominated by small traders and investors. So I really agree that from all aspects of bitcoin development, all elements play an active role in growing a non-stop transaction system.

[dothebeats]

Limitations of JPMorgan’s analysis:

1-they only consider matching private investment, ignoring public sector holdings

If we have learned something on the GameStop debacle, it is to not discredit the purchasing power of the public sector and the retail investors to not get fucked over. Imagine if they factored that money in, we will be seeing much more from their prediction compared to just $130k. Though at this point, if it's only the institutions buying in and pushing bitcoins to these heights, it's impressive to say the least, and they finally believed in bitcoin after telling everyone in the past few years that its artificial value will not hold long enough to make everyone happy.