JP Morgan believes Bitcoin is Overpriced

[wissy]

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?

I am surprised that they value BTC so high as 35k$, for me, this is a bullish sign. Keep in mind, that they didn’t want to have anything with BTC back in 2017 and it still reached 20k, now they actually acknowledge it, they somehow value it just 15k$ more.
For me they are full of crap and probably trying to lower the price so they can jump in before it gets too high, we all know crypto doesn’t follow classic and predictable movement.

[Reatim]

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?

I am surprised that they value BTC so high as 35k$,

No they are not valuing bitcoin so high at 35k instead JP Morgan think that 35k is the legit price of bitcoin now and not that 50-60k .

for me, this is a bullish sign. Keep in mind, that they didn’t want to have anything with BTC back in 2017 and it still reached 20k,

Who are they?  for Bitcoin Holder and believer there is nothing impossible to achieve , and if you are pointing  to those who oppose? then expect nothing from them but negativity .

now they actually acknowledge it, they somehow value it just 15k$ more.
For me they are full of crap and probably trying to lower the price so they can jump in before it gets too high, we all know crypto doesn’t follow classic and predictable movement.

actually i believe that those people are the one who wanted bitcoin price to drop so they can purchase in discounted value .

[bishopcrypto]

I am old enough to remember when JPM told everyone ZERO was the right price.

[oHnK]

Some of them turns or looks to be bearish but on the fact they are secretly accumulating behind the curtains which do really sucks big time because even we do say that we shouldnt really take notice of these sentiments but there are noobs or new to this market do really make out such bad impression whenever they do possible read this up thats why we should really make out our own decisions basing on what we are seeing on the market.
We do able to identify out that theres so much potential into this place or thing.SO theres no need to worry honestly.

People who have panicked because of their lack of experience in the crypto market only make rash decisions by selling their assets, while on the other hand, people who understand investing and are already rich with their investment returns take the opportunity and opportunity for panic prices.  What to avoid ya FOMO.  News like this is normal, and I don't think it's fundamental as anyone can assume.

[perfect999]

I am surprised that they value BTC so high as 35k$, for me, this is a bullish sign. Keep in mind, that they didn’t want to have anything with BTC back in 2017 and it still reached 20k, now they actually acknowledge it, they somehow value it just 15k$ more.
For me they are full of crap and probably trying to lower the price so they can jump in before it gets too high, we all know crypto doesn’t follow classic and predictable movement.

I am already fed up with seeing stories like this where some analysts will be telling me that Bitcoin is worth more than what it should be. If Bitcoin isn’t meant to be worth what it is right now, then why is it still at that value and has even remained stable at that rate without falling? Majority of us, including me, have thought that by now the price of bitcoin would have gone down.

I was thinking that by now the price of bitcoin be as low as $25000, instead the price has kept moving up and has still maintained its high value of over $50,000 and sometimes $60,000. So if a lot of feared it would drop, but it still never did, then tell me why anyone would say that it should be worth less than that?

[tiCeR]

I am old enough to remember when JPM told everyone ZERO was the right price.

That's exactly what I was thinking. You really can't assume that JP always values normal currencies or companies correctly. Self-interest always plays a role here, too. JP probably also simply does not want BtC to have the corresponding value.