JP Morgan Likens "BITCOIN to FOOLS-GOLD" Say's $20k todays value

[btc-room101]

https://finance.yahoo.com/news/bitcoin-price-crash-isnt-over-jp-morgan-105555648.html

They also say that institutions are done with btc, so that means now that only soi boyz with the 0.05 btc allowance,  can hodl, but no new money to raise the ponzi.

JPM also says that most people now trust only gold, because while btc lost +50% of value, GOLD actually went up.

"There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum. We note that the mere rise in volatility, especially relative to gold, is an impediment to further institutional adoption as it reduces the attractiveness of digital gold vs. traditional gold in institutional portfolios,"

"Only Gold is Money, All Else is Credit, but BITCOIN is an ethereal number in  Michael Jackson's 'Neverland'" - JP Morgan

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[raidarksword]

Just another FUD, as always they never tired of making negative news about bitcoin and in the first place they just want to buy cheap again.  We all sick of these big names making fuzz every now and then that's why never trust media and continue to hold bitcoin because it's the future.

[jackg]

Today's VALUE of amazon is 420-700bn but its still worth 1.6T...

Saying it should be $20k is probably a more positive statement - if it crashes most of us are now never at a loss even if it gets that low.

I often wonder if these news articles are directly targeted at older people and the working/upper classes to make them lose money too (I don't think anyone not in the Elon type follower group is listening to any of this fud).

[Lorence.xD]

Did the quote in red was really said by JP Morgan? Because I am pretty sure that he was already dead before Michael Jackson was born. Also, don't believe what JP Morgan says because they are a bandwagon that doesn't really care about the people, they just want to manipulate the market.

[okae]

In six months, they will say the opposite, I am sure of it.

Like always!, thats how they work, manipulating people by doing the opposite that they are doing. why people never learn? my god they have been doing it since decades...

All those "snakes" have been buying BTC on the OTC market since the beginning...they start to be scared because his game about printing money from nothing is near to the end...

[btc-room101]

Did the quote in red was really said by JP Morgan? Because I am pretty sure that he was already dead before Michael Jackson was born. Also, don't believe what JP Morgan says because they are a bandwagon that doesn't really care about the people, they just want to manipulate the market.

Yes, JPM said I think 1907 during the great panic of that time that "ONLY GOLD IS MONEY, ALL ELSE IS CREDIT"


But I know the nimrods here think that btc is both gold&fiat, I had to make it clear that bitcoin's big 2^256 digits come from MJ's neverland.

In actuality it comes from the book ( also now a movie ) "the Little Prince", about an accountant who puts a number on every star, and then sells the stars, becomes the richest person in the universe, but I just thought to make it clear where those funny btc numbers come from ( ps I'm a computational math crypto physics person )

Mass insanity is not new, just study "Grand Popular Delusions and Madness of the Crowds" about bubbles from 300+ years ago, and the book was written in the 1800's

The greatest  story is sir issac newton himself was anti south-sea bubble first phase ( like first ten years of btc ), then he finally capitulated and went all in, lost his family fortune, and became a pauper, his dying words were "I can calculate the distance to the sun, but I fell for a common fools scam", during his day he was considered the most intelligent man alive.

[btc-room101]

In six months, they will say the opposite, I am sure of it.

WHY? IN the days BTC went down -50%, GOLD is up +10%; JPM muppets move like lemmings with the tide of 'winners', BTC is so yesterday, they had their day in the sun, the house will always win, don't worry about JPM,

HEADS they WIN, TAILS YOU LOSE

[avikz]

Lol! It's a well known fact that JPM chief Jemie is a bitcoin hater. His FUD had actually worked back in days when he was able to bring down the value of bitcoin with his anti-bitcoin statements. But those days are gone and no one really bothers what Jemie thinks about bitcoin.

So when such FUDs are coming from a JPM employee, it's no wonder that she is just tying to please his boss. I would say read the article, laugh and move on! That's the best we can do except ignoring.

[franky1]

price today is 3.7X price this time last year
thats 270% interest if bought this time last year

far better than you would have got on any other one year hold investment

[AakZaki]

price today is 3.7X price this time last year
thats 270% interest if bought this time last year

far better than you would have got on any other one year hold investment

Can JP morgan not see the BTC habit. It seems that his hatred of BTC makes him even more daring to say Gold will be better. Maybe we need to show BTC and Gold history charts. If necessary the analysts gathered to make him rethink.

If you look at the scenario from the past and it keeps repeating, BTC goes up, Gold goes down, BTC goes down, Gold goes up. The decline in BTC makes sense as BTC is more volatile than Gold. So saying BTC runs out, I think it's wrong.

[TangentC]

https://finance.yahoo.com/news/bitcoin-price-crash-isnt-over-jp-morgan-105555648.html

They also say that institutions are done with btc, so that means now that only soi boyz with the 0.05 btc allowance,  can hodl, but no new money to raise the ponzi.

JPM also says that most people now trust only gold, because while btc lost +50% of value, GOLD actually went up.

"There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum. We note that the mere rise in volatility, especially relative to gold, is an impediment to further institutional adoption as it reduces the attractiveness of digital gold vs. traditional gold in institutional portfolios,"

"Only Gold is Money, All Else is Credit, but BITCOIN is an ethereal number in  Michael Jackson's 'Neverland'" - JP Morgan

Hmm, their numbers were higher than my calculations of the next downturn,

My numbers showed ~$16K per bitcoin in mid 2022.

If JPM thinks ~$20K, they are being generous.   

[newwest]

https://finance.yahoo.com/news/bitcoin-price-crash-isnt-over-jp-morgan-105555648.html

They also say that institutions are done with btc, so that means now that only soi boyz with the 0.05 btc allowance,  can hodl, but no new money to raise the ponzi.

JPM also says that most people now trust only gold, because while btc lost +50% of value, GOLD actually went up.

"There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum. We note that the mere rise in volatility, especially relative to gold, is an impediment to further institutional adoption as it reduces the attractiveness of digital gold vs. traditional gold in institutional portfolios,"

"Only Gold is Money, All Else is Credit, but BITCOIN is an ethereal number in  Michael Jackson's 'Neverland'" - JP Morgan

Hmm, their numbers were higher than my calculations of the next downturn,

My numbers showed ~$16K per bitcoin in mid 2022.

If JPM thinks ~$20K, they are being generous.   

I will go with my analysis on the btc and crypto and not listening to them previously as well only helped me and to those who listened or who implemented it. Those who believe in them can continue accordingly and I see a huge upside will happen in coming months and years and btc will grow much bigger then the present value.

[livingfree]

JPM never changes their strategy. They create FUD and negative statements to make the prices down. But this time, they're not that effective at all.

Forget about them and do not be affected by this known FUD spreader because he's been doing that. He sees its effectiveness and I think that he's enjoying it but there's no sense on believing on him.

[DeathAngel]

JP Morgan are probably releasing negative articles to attempt to get the price down so they can buy cheap.
Don’t listen to what bit corps say, watch what they do instead.

https://twitter.com/btc_archive/status/1400470461188874242?s=21

[20kevin20]

Saying it should be $20k is probably a more positive statement - if it crashes most of us are now never at a loss even if it gets that low.

Oh man, imagine what saying "20k will be the low in 2021" would've sounded like back in 2013-2015. People don't realize how HIGH this supposed "low" is. Bitcoin going 50% lower from today's price still means that literally everyone who"s bought BTC in between its inception and late 2017 and is still hodling will not lose a single buck.

[TangentC]

JPM never changes their strategy. They create FUD and negative statements to make the prices down. But this time, they're not that effective at all.

Forget about them and do not be affected by this known FUD spreader because he's been doing that. He sees its effectiveness and I think that he's enjoying it but there's no sense on believing on him.

My Numbers show ~$16k for BTC middle of next year, but they also show BTC hitting ~$180K within 5 years.
Also Doge hits ~$10 within 5 years.

But it don't matter, guess it is just fuddy calculations.

[Hydrogen]

Would it be an exaggeration to say JP Morgan's low btc price projection, as well as central banks around the world attacking btc. Are motivated by circumstances unrelated to what bitcoin's actual market value is.

JP Morgan did something similar to tesla stock last year.

JP Morgan raises price target on Tesla from $80 to $90, but that's still 86% below current level

JP Morgan recommends investors not weight Tesla shares in their portfolio in equal proportion to the S&P because Tesla shares are "by virtually every conventional metric not only overvalued, but dramatically so."

https://cntechpost.com/2020/12/09/jp-morgan-raises-price-target-on-tesla-from-80-to-90/

Their price projections are becoming more about politics than actual market value IMO.

Tesla stock has been under attack for awhile now. Analysts, banks and industry experts said tesla was overvalued and encouraged everyone to short TSLA when it was worth less than $300. The same happened with bitcoin. Jamie Dimon called it a bubble and said it was overvalued when one bitcoin was worth around $10k. Perhaps there are similarities between bitcoin and tesla stock. Which led to tesla buying $1.5 billion in btc.

[ILuckyGuyI]

In the end, gold is not a too volatile investment tool like Bitcoin. After a high manipulation of market, people lost a lot of money. The market is barely recovering now. I understand why people prefer gold for investment purposes. However, Bitcoin has a much bigger potential to help you make a great profit in the long run.

[South Park]

https://finance.yahoo.com/news/bitcoin-price-crash-isnt-over-jp-morgan-105555648.html

They also say that institutions are done with btc, so that means now that only soi boyz with the 0.05 btc allowance,  can hodl, but no new money to raise the ponzi.

JPM also says that most people now trust only gold, because while btc lost +50% of value, GOLD actually went up.

"There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum. We note that the mere rise in volatility, especially relative to gold, is an impediment to further institutional adoption as it reduces the attractiveness of digital gold vs. traditional gold in institutional portfolios,"

"Only Gold is Money, All Else is Credit, but BITCOIN is an ethereal number in  Michael Jackson's 'Neverland'" - JP Morgan

They are getting desperate, if they could actually criticize bitcoin on a fundamental level they would do so but they cannot so they use all kind of imagery to try to make their point across, it is obvious this is an attempt to scare people away from bitcoin as they know the fiat system is reaching its limits, so with that in mind I do not see the point of listening to a corporation that has on its best interest that the current system continues instead of actually speaking the truth.

[livingfree]

JPM never changes their strategy. They create FUD and negative statements to make the prices down. But this time, they're not that effective at all.

Forget about them and do not be affected by this known FUD spreader because he's been doing that. He sees its effectiveness and I think that he's enjoying it but there's no sense on believing on him.

My Numbers show ~$16k for BTC middle of next year, but they also show BTC hitting ~$180K within 5 years.
Also Doge hits ~$10 within 5 years.

But it don't matter, guess it is just fuddy calculations.

I'd like to see that $180k but it could have been earlier than what have been said. But that's a safe assumption that within the next 5 years, we're going to see bitcoin hit with six digits.

Doge at $10 seems to be ambitious but there's always been the possibility and if it hits $1 - $5 then there's more hope to that price as it's on the average price that has been hit but I think it is still far to see that price.