JP Morgan: bitcoin could hit $146,000

[NeuroticFish]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

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[Charles-Tim]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

[NeuroticFish]

understatement because bitcoin price will surely hit over $150000

If the "volatility issues" are solved, even 10x of that value is easily possible, since then *everybody* will use Bitcoin as a store of value.
That's why I find JP Morgan statements more a speculation/pumping attempt than anything else. All those "could" "if" parts are there just to somehow give a bit of credibility to their "analysis".

[Gozie51]

Though looking speculative but bitcoin is undoubtedly going higher than such price by JP. Adoption has made retracement of bitcoin this year moving just below slightly at every pump and not dropping heavily. It is a different volatility from the past, this volatility is sustainable pushing for steady increase. Bitcoin looking to drop to $61,000 area but buyers are ready to jump in because the notion of adoption at least.

[LogitechMouse]

I want an analyst will say that instead of saying "could" or "if", they will say the word "will" with their prediction.
I doubt if anybody will do it.

Either way, that price is reachable but not in a short amount of time. Maybe it will take at least a year or more for that price to be reached. Well, another prediction/speculation coming from a "credible" analyst. Expect more in the future as prices of Bitcoin is at the top.

[jackg]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

Do they only make these "predictions" when bitcoin is rebounding and then fallen slightly, perhaps to coincide with when they just bought some...?

I mean it's a nice news story and will probably get some people on twitter excited but I think their primary goal is still price manipulation.

[Tytanowy Janusz]

Sometimes I think that their predictions are all about increasing volatlity and recting new guys. When bitcoin fall they predict massive dump, when BTC start to go up they predict massive rally.

In fact I've never seen price hitting their target. Its always way too high or way too low.

[passwordnow]

This guy changes his predictions time after time. But isn't only me that feels worrying when there are many positive predictions that we're having when this bull run is quite long already?
With all of the positive predictions, I'm still waiting and positive for the $100k anytime soon at the end of this cycle so whether it will reach his prediction or not, I still want it to be there at the top that it can be.

[mk4]

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

I actually think that a drop in volatility would kinda be short-mid term bearish lol. A lot of people are still in this space for "quick gainz" that it's a safe assumption that a lot of retail investors would sell if bitcoin is stagnant.

But no, I don't think it would require less volatility to reach $146k. If anything, it's highly more likely for bitcoin to reach that price via high volatility.

[Farma]

He talks about volatility, but believes the price of bitcoin could reach very high prices in the future. well, this is the same as when the bitcoin price is still below $20k and expects the price to be above $50k. one can guess the price of bitcoin to be very high because of this volatility issue. however, the most important thing is that no one can really guess when the time will come. however, we all believe that the price of bitcoin could reach very high prices in the future. it is due to its increased adoption rate, wider usage, and worldwide recognition.
however, he could have said that the price of bitcoin could be as high as $200k, or $1 million due to the extremely high volatility. however, it is only a prediction. I think this is nothing new.

[2double0]

How would btc go 146k without its volatility? There will be no fun if there are no adventurous fluctuations in btc's value. IIRC, JP Morgan was the company that said btc has no intrinsic value and will not be there in near future. Now they changed their statement with times? Btc has made so many big names fall in love with it and change their minds, I am waiting for Bill Gates and Warren Buffett to invest in btc and declare about it publicly.

[magneto]

Look, we've seen predictions like these from investment banks all the time.

But the fact is that they don't have a crystal ball and probably know as much about the future prospects of the market as we do.

BTC could hit $146,000 in the near future and JP Morgan will be saluted as an oracle, or this could just be another one of the hundreds of predictions that gets forgotten. If you are investing for the long term, I think that this price level is an eventuality anyhow with the imminent collapse of fiat.

[wxa7115]

I want an analyst will say that instead of saying "could" or "if", they will say the word "will" with their prediction.
I doubt if anybody will do it.

Either way, that price is reachable but not in a short amount of time. Maybe it will take at least a year or more for that price to be reached. Well, another prediction/speculation coming from a "credible" analyst. Expect more in the future as prices of Bitcoin is at the top.

This will be difficult, if they gave a prediction with that kind of confidence they could be exposing themselves to lawsuits if someone actually followed their advice, invested in bitcoin and lost their money.

Besides by giving such a prediction they open themselves to being judged by the number of predictions they got right and the ones they got wrong, however if they include those words they can always say they never assured those things will happen and they can always dismiss those failures as non-predictions, while the ones that actually hit the target will be promoted as great insights they published way before anyone else.

[Baofeng]

I think they made this bold prediction at the start of the year, and just renewed their prediction in the last day that bitcoin will indeed on the road to $100k.

This is their prediction on January 4, 2021.

JPMorgan says bitcoin could rally as high as $100,000 - but warns that such a surge would be 'unsustainable'


But just the other day, I was surprised to find this thread:

JP Morgan believes Bitcoin is Overpriced.

[Japinat]

But just the other day, I was surprised to find this thread:

JP Morgan believes Bitcoin is Overpriced.

I read that thread too,  and the same feeling, I'm also surprised reading this thread telling JP Morgan has a bullish prediction.

I don't know if they are true with their words but what I know is that the CEO of JP Morgan has released a statement before that is anti-bitcoin, so why would I trust a company run by a CEO who is not truly supportive of bitcoin?

https://www.cnbc.com/2019/12/20/jp-morgan-ceo-jamie-dimon-in-2017-calls-bitcoin-a-fraud.html

Jamie Dimon, chairman and CEO of Wall Street banking powerhouse J.P. Morgan Chase, can be counted in the latter camp. In September 2017, about three months before bitcoin hit an all-time high of nearly $20,000 per unit and crashed shortly thereafter, Dimon dropped a bomb on the crypto world. He called bitcoin a “fraud.”

[dothebeats]

And just a few weeks ago, they are saying that bitcoin is obviously overpriced and its position wouldn't hold that long. I don't really know what's going on with their press division, or just the entirety of its organization in general, but I believe that they are obviously having mix-ups with the statements that they are releasing. One thing is for sure though, I would take anything JP Morgan says about bitcoin and crypto with a grain of salt, as they are an entity which doesn't really make up their mind easily.

[adaseb]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

[Dave1]

So I guess the moral lesson is that we really can take this predictions seriously specially coming from the likes of JP Morgan who has the history of talking about negatively on bitcoin, but behind our backs are buying and stash it out for their costumers back in 2017.

Anyhow, they've probably have their positions months ago, and probably just wanted to make some hype around it. As we all know for sure we can't really predict, although we have this s2f model that is brewing and make us believed that 6 digits is possible at the end of the year.

[Poker Player]

I think they made this bold prediction at the start of the year, and just renewed their prediction in the last day that bitcoin will indeed on the road to $100k.

This is their prediction on January 4, 2021.

JPMorgan says bitcoin could rally as high as $100,000 - but warns that such a surge would be 'unsustainable'


But just the other day, I was surprised to find this thread:

JP Morgan believes Bitcoin is Overpriced.

I couldn't care less about what JP Morgan says.The $146K prediction is in line with most predictions for this year. We are in the home stretch and it will soon be seen if it is correct. As for the FUD prediction, they can shove it up their ass. Let's remember what they were saying years ago:

JPMorgan CEO Jamie Dimon says bitcoin is a ‘fraud’ that will eventually blow up.

[FanEagle]

$146k is somewhere in the middle as per my old speculation for this current bull run. Still, I welcome this because they are also optimistic about getting into FOMO rather than getting into bearish trend from where we are right now.

Projections toward $150k seems like using Fibonacci analysis but I am still feeling like this may not be a final ATH of current cycle as per what we do see through "history" analysis. Probably $150k might be the starting point of FOMO as bitcoin might get into $100k to $120k in slow and steady manner and then will intensify its pace after getting into $150k levels; this way I am also confident about getting into $400k levels.

Overall, this kind of speculation from a reputed institution house is more important for this community and for all the investors all over the world as we just need this kind of positive thing to continue our holding which is more important to reach any kind of speculation in real market.

[awakpane]

I think if JPMorgan's prediction that bitcoin reaches $146,000 might happen in the next 2-3 years not this year or early 2022. It will also be achieved if market conditions continue to be bullish and there is no negative sentiment like in 2017 where prices of bitcoin plummeted after hitting a high.

[bitbollo]

Price is just a temporary stuff. I mean even if btc price will touch xxxxxx .... next...
what it means? it collapse to zero? It become a stable value? it's stop growing = inflation disappeared etc etc?
for what I have seen and understood... no isn't in that way that it works.
I have never taken a single cent of bitcoin thanks to the suggestion of some one.
More over I totally don't care about speculation on price.

1 btc = 1 btc
... I can "trust" in btc network/btc as store of "value" than any other payment network!

[el kaka22]

Price is just a temporary stuff. I mean even if btc price will touch xxxxxx .... next...
what it means? it collapse to zero? It become a stable value? it's stop growing = inflation disappeared etc etc?
for what I have seen and understood... no isn't in that way that it works.
I have never taken a single cent of bitcoin thanks to the suggestion of some one.
More over I totally don't care about speculation on price.

1 btc = 1 btc
... I can "trust" in btc network/btc as store of "value" than any other payment network!

Price is the reason why it is getting high adoption. If it was still 100 dollars after so many years, there wouldn't be too many people interested in it, but since it broke over 60k that results with a lot of people either making a lot of money from it, or other people hoping to make a lot of money from it. Which is why the price matters, and constant increases matter a lot as well.

You may like it or dislike it but that is the truth of crypto right now. I personally hope that we would see something like 100k, but even if we do not, we are still doing good and this is how we got El Salvador, a whole nation to start accepting bitcoin even before some companies started to do it.

One btc = one btc will only happen if we start to live with purely crypto payments but right now that is not the case and we can't really let it be considered that way as long as we are still mainly using fiat right now.

[the ghabbar]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

The problem of volatility becomes a reference for applying previous price predictions, even this is what people actually want and if it can be solved from that value, then bitcoin is not certain to achieve the predictions it makes, so people will not be worried about the existing bitcoin storage and JPMorgan's statement is speculation to pump bitcoin even more in value, if his credibility begins to be at stake.

[fullhdpixel]

I think if JPMorgan's prediction that bitcoin reaches $146,000 might happen in the next 2-3 years not this year or early 2022. It will also be achieved if market conditions continue to be bullish and there is no negative sentiment like in 2017 where prices of bitcoin plummeted after hitting a high.

It will happen either by end of this year or mid of next year or else it will take time for another four years to happen. But, like many people have speculated here I am also expecting to be reaching such kind of big price levels within this year because we are having taproot upgrade for bitcoin ecosystem by coming December month which may create FOMO to reach up to $200k levels.

Right now Bitcoin market is trading sideways but it is expected to be hitting into another ATH at any time sooner. Sideways market is most usual for any market before getting into stronger bull run so I am just speculating that bitcoin market is preparing for FOMO driven rally.

[Stedsm]

Volatility would have to fall?
How can BTC even move a cent without volatility?
And how will BTC reach there without enough volatile action?
They think BTC will be $146k straight without a correction? And once it reaches there, won't there be a possibility of a crash due to being so high in price? Volatility is the beauty of crypto trading and investors love it because they get to earn money from both the sides. So, if BTC stabilizes at any point, then the sporting spirit and joy that every investor have in their hearts will fly away.

[Johnyz]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

Knowing JP Morgan, they really show a great speculation on Bitcoin and that could be the reason why they increased it but having said that it will fall sharply, that is normal on every market and it happened many times already with Bitcoin so if you’re not new on this market you already expect this one.

[Ararbermas]

That guy is very confusing. lol i don't know what will be his next words about crypto currency or let say bitcoin because previously he had a bad views and suddenly turn like this? it seems his trying to follow the path of elon musk. Negative and turn into positive immediately.  now i don't want to hear another words from them, it's enough because they all make people crazy because of their words and comments about crypto currency, indeed they're not a fortune-teller so who care.?

[elisabetheva]

everyone can and can analyze what will happen to bitcoin, because all are free to give their thoughts and it's up to those who have the funds and institutions to do what the observers say.
whether the observer can make them believe and move so that there is movement in the trade that becomes active.
but I totally agree that there is at least some enlightenment made by observers about bitcoin in the crypto market.

It makes sense that JPMorgan analyzes by saying bitcoin will be able to reach $ 146K, but unfortunately last October the increase in bitcoin was not maximal, it could only increase by 39.93% from the prediction that should be made of 47.81%. if only this november could increase sharply it would make it easier at the end of the year to achieve it, if it missed it was possible there would be an extension of time until 2022. is it possible? in crypto anything can happen and we wait patiently, because the movement looks very good.

[thecodebear]

That's the same projection they made in the early part of the year. Also they state that as their long term projection, not like an end of cycle projection that they think will be happen in 6 months or something. Just vaguely long term it'll go to $146k, which is hilariously conservative. Long term Bitcoin is going into the millions. $146k is probably a good guess for a 2022 high though. I'd expect $150k+ to be reached in 2023.


Anyway, it's not like JP Morgan has any more idea than anyone else. They may as well be some rando on the internet. And judging by their $146k "long term" projection they are hopelessly naive on where Bitcoin is headed.

[pooya87]

Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.

[davis196]

The JP Morgan guys are acting as "attention whores". Their analysis and BTC predictions are a joke.
They are just trying to get more attention to themselves at this point.I don't know why.Maybe this is some kind of "smoke and mirrors" distraction move,with the sole purpose of getting more eyeballs focused on JP Morgan,while they are working on some hidden agenda.Maybe they want to pump the BTC price even more,by publishing extremely bullish price speculations.
What's the point of making a 73K USD price prediction and then revising that price prediction to 146K USD?
It seems that the first price prediction was completely wrong and guy,who made it must be fired.
I guess that the forum will be filled with more news about JP Morgan in the upcoming weeks.Most of these news will be plain and simple clickbait with no value.
 

[NeuroticFish]

The JP Morgan guys are acting as "attention whores". Their analysis and BTC predictions are a joke.

This is correct. But aren't all the predictions of "personalities" made only to attract attention?

What's the point of making a 73K USD price prediction and then revising that price prediction to 146K USD?
It seems that the first price prediction was completely wrong and guy,who made it must be fired.

It's known that these predictions are completely worthless. It's also known that the number posted in the prediction must be somewhat shocking/impressive to draw attention.
So I guess that the advertising department - who probably wrote both "analysis" (lol!) - may need to fire someone.
Or maybe making fools of themselves is their new marketing strategy? 

[arwin100]

Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.

Although they are spreading fud before on bitcoin but this speculation they made right now would make those other hater thinks on why they change their minds and predicting good now unto the bitcoins, maybe those prediction they made now can help bitcoin to pump a little bit more but we shouldn't take their statement deeply since we know how they manipulate the minds of the people so we must be aware on that and always take proper precaution on our decision making on our holdings.

[Lucius]

Would it be enough for some nice week-end speculation?  

Just that and nothing more than that, because they’ve become a bit boring with their recycled stories every few months - especially as they persistently focus on Bitcoin versus gold and vice versa. What can make us somewhat happy is the fact that banks like JPM have realized a little too late what Bitcoin is, so now they are trying to grab a piece of the pie that is increasingly slipping off their plates.

Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.

This is what banks do best, they have a position that allows them to manipulate various markets and generate profit from it - while of course making money by providing services to ordinary people at outrageously high fees. I know JD had very negative statements about Bitcoin that he withdrew and even apologized to, but it’s not clear to me that he got lost again in some conspiracy theories - the CEO is saying one thing and the company something completely different. Some would say that they are doing it on purpose, but it is not excluded that it is only a matter of good old human ignorance.

[jostorres]

That guy is very confusing. lol i don't know what will be his next words about crypto currency or let say bitcoin because previously he had a bad views and suddenly turn like this? it seems his trying to follow the path of elon musk. Negative and turn into positive immediately.  now i don't want to hear another words from them, it's enough because they all make people crazy because of their words and comments about crypto currency, indeed they're not a fortune-teller so who care.?

This is also possibility because recently we have some good number of influencers using Elon Musk use case about having some good hype and better profit even we all know about bitcoin it's doing some good and most chances this price can hit in near future. Even volatility issues are also had some serious impact on price tag but still we all understand those calling bitcoin a fraud and hype now having big U-Turn and want to take some credibility about this in near future using their analysis of bitcoin and its future price.

Few days back, another big crypto related influencer predicted about some rise and having good price in coming weeks.

[Ziskinberg]

I don't buy their prediction, they didn't make an impact in the crypto space, so whether they will be bullish or bearish in bitcoin, it doesn't matter as they might be playing us. Of course, we love a bullish prediction, but we should know who to follow and only follow those who are consistently bullish until now and in that case, it's not JP Morgan or their CEO.

[Botnake]

I don't buy their prediction, they didn't make an impact in the crypto space, so whether they will be bullish or bearish in bitcoin, it doesn't matter as they might be playing us. Of course, we love a bullish prediction, but we should know who to follow and only follow those who are consistently bullish until now and in that case, it's not JP Morgan or their CEO.

I think there's no wrong in following them but we should also see to it that their predictions are more practical than being unrealistic. But since bitcoin is always being volatile, $146k is very possible and the price could go up even more, but not gonna happen this year. Even if there's a sudden healthy price correction that will occur, the price will still not hit the target. Maybe predicting between $70k-$80k can be more realistic and very practical.

[dezoel]

Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.

This is what banks do best, they have a position that allows them to manipulate various markets and generate profit from it - while of course making money by providing services to ordinary people at outrageously high fees. I know JD had very negative statements about Bitcoin that he withdrew and even apologized to, but it’s not clear to me that he got lost again in some conspiracy theories - the CEO is saying one thing and the company something completely different. Some would say that they are doing it on purpose, but it is not excluded that it is only a matter of good old human ignorance.

The sad part about it is that banks actually use our money to fight against us. They do not really have money of their own, we give them that money and yes they do make a profit so they technically should have money. However they give out so much loan that the savings that we have is not enough to cover that. It means if people take out their money from banks, and do not pay their loans, that huge company that fights against us would be bankrupted in a single day.

So all of that power that banks have comes from the power we give to them, and crypto is hurting them because of this. We could put our money into crypto instead of banks and that would mean banks would have less assets in their ownership and they will have less ammo to fight against us. This is the reason why banks do not look at crypto kindly, and that will go on forever since it is not helpful to them at all.

[Slow death]

Would it be enough for some nice week-end speculation?  

maybe, as I see when guys like that are making these predictions, it seems like the market reacts really fast and the price goes up, of course it's a coincidence. But the funny part of it all is that if the price dropped too much they would be making peximistic price forecasts. they surf the wave: price goes up and they show up with optimism, price goes down a lot and they show up with peximism

[Fundamentals Of]

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

But the interesting thing here is not the price prediction as it is a given that Bitcoin will reach it. It is the fact that the one predicting it is a giant banking institution. This is a signal of how bullish Bitcoin even banks believe in its potential. Nowadays there is no reason to doubt Bitcoin anymore.

[Vaculin]

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

But the interesting thing here is not the price prediction as it is a given that Bitcoin will reach it. It is the fact that the one predicting it is a giant banking institution. This is a signal of how bullish Bitcoin even banks believe in its potential. Nowadays there is no reason to doubt Bitcoin anymore.

Right. And with its high volatility, its not surprising that bitcoin will definitely hit the target in the near future. Though this prediction is still a big question when this will happen, but knowing JP Morgan, this is more like of a market manipulation same with what Elon Musk did before. But for me, this isn't new as almost all of us are predicting bitcoin value to reach a very high and valuable amount. And with its increasing huge demand basically from big institutions, this will be more reachable maybe in the first quarter by next year.

[Fundamentals Of]

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

But the interesting thing here is not the price prediction as it is a given that Bitcoin will reach it. It is the fact that the one predicting it is a giant banking institution. This is a signal of how bullish Bitcoin even banks believe in its potential. Nowadays there is no reason to doubt Bitcoin anymore.

Right. And with its high volatility, its not surprising that bitcoin will definitely hit the target in the near future. Though this prediction is still a big question when this will happen, but knowing JP Morgan, this is more like of a market manipulation same with what Elon Musk did before. But for me, this isn't new as almost all of us are predicting bitcoin value to reach a very high and valuable amount. And with its increasing huge demand basically from big institutions, this will be more reachable maybe in the first quarter by next year.

JP Morgan and Elon Musk are all free to manipulate the price of Bitcoin. They can do it as much as they want. If it is true that they are manipulating the Bitcoin market, let them be. The Bitcoin market is open and free. Everybody can join, both retail buyers and large whales. They have the money so they can influence the market to a certain extent. Let them do their thing and we do ours. We will try to ride with their calls. But the best thing that we can do is to keep our Bitcoin. Never sell them to these whales. They will grow even bigger.

[enhu]

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

But the interesting thing here is not the price prediction as it is a given that Bitcoin will reach it. It is the fact that the one predicting it is a giant banking institution. This is a signal of how bullish Bitcoin even banks believe in its potential. Nowadays there is no reason to doubt Bitcoin anymore.

Right. And with its high volatility, its not surprising that bitcoin will definitely hit the target in the near future. Though this prediction is still a big question when this will happen, but knowing JP Morgan, this is more like of a market manipulation same with what Elon Musk did before. But for me, this isn't new as almost all of us are predicting bitcoin value to reach a very high and valuable amount. And with its increasing huge demand basically from big institutions, this will be more reachable maybe in the first quarter by next year.

JP Morgan and Elon Musk are all free to manipulate the price of Bitcoin. They can do it as much as they want. If it is true that they are manipulating the Bitcoin market, let them be. The Bitcoin market is open and free. Everybody can join, both retail buyers and large whales. They have the money so they can influence the market to a certain extent. Let them do their thing and we do ours. We will try to ride with their calls. But the best thing that we can do is to keep our Bitcoin. Never sell them to these whales. They will grow even bigger.

Free to spread fud too. AS they also did in the past. Jaime had been doing it since the time when BTC got a price.

Amazingly Jaime was saying I think it was last month where he said in an interview that BTC is worthless. But this month JP morgan is speculating it to rise more than $145K.

[pooya87]

Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.

Although they are spreading fud before on bitcoin but this speculation they made right now would make those other hater thinks on why they change their minds and predicting good now unto the bitcoins, maybe those prediction they made now can help bitcoin to pump a little bit more but we shouldn't take their statement deeply since we know how they manipulate the minds of the people so we must be aware on that and always take proper precaution on our decision making on our holdings.

Sadly this is not true for majority of people (only a small number of them will realize the absurdity). Most people have short memories, they quickly forget the shady things some of these people have done. You can see even today how they are once again talking about Elon Musk and Tesla [maybe] accepting bitcoin and think of it as a reason that may cause a rise again! They forget how he spread FUD about bitcoin a couple of months ago.
Or take Binance for example, most people today have either forgotten or don't even know how they were trying to 51% attack bitcoin when they got hacked!!!

[traderethereum]

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

This is the real question that no one can predict. Bitcoin can go far anytime we all know this its really possible to happen so this speculation are more likely to happen but don’t expect an easy road to achieve this, I still see corrections before it happen. Its quiet not new to hear speculation from JP Morgan, they increased it for some reason I know it will happen soon.

The important from that is how we can enjoy every moment of bitcoin price because we can become stressed to think about the time to hit $146,000.
If you can be ready for that, you will use your time to make more and more bitcoin before the price starts to rise and jump and hit that price because you will want to have more bitcoin and sell it at the right time.
The bitcoin price can hit any higher price in the future but if we do not have any bitcoin or only have a small amount, we can feel regret or sad that why we do not use our time to make more bitcoin.
There will be many more speculations, not just from JP Morgan, that will we hear soon, especially when the price can hit $70,000 in a short time.

[lepbagong]

Would it be enough for some nice week-end speculation?  

maybe, as I see when guys like that are making these predictions, it seems like the market reacts really fast and the price goes up, of course it's a coincidence. But the funny part of it all is that if the price dropped too much they would be making peximistic price forecasts. they surf the wave: price goes up and they show up with optimism, price goes down a lot and they show up with peximism

it seems what you say has become something that is commonly done and is always optimistic when it increases but pessimistic when there is a decrease. actually something that happened must be addressed with everything that has happened, if you believe it is increasing then you must also accept if there is a correction.
actually something that is natural in crypto especially with bitcoin will always give a surprise every step that will be taken.

[Welsh]

I want an analyst will say that instead of saying "could" or "if", they will say the word "will" with their prediction.
I doubt if anybody will do it.

Either way, that price is reachable but not in a short amount of time. Maybe it will take at least a year or more for that price to be reached. Well, another prediction/speculation coming from a "credible" analyst. Expect more in the future as prices of Bitcoin is at the top.

Basically, I hate predictions like this because if you make these sort of predictions, and aren't right no one will bat an eyelid. Though, if you're correct in your prediction (out of sheer luck) then people will take your predictions with more weight, despite having 99 predictions before that being wrong.

Sadly this is not true for majority of people (only a small number of them will realize the absurdity). Most people have short memories, they quickly forget the shady things some of these people have done. You can see even today how they are once again talking about Elon Musk and Tesla [maybe] accepting bitcoin and think of it as a reason that may cause a rise again! They forget how he spread FUD about bitcoin a couple of months ago.
Or take Binance for example, most people today have either forgotten or don't even know how they were trying to 51% attack bitcoin when they got hacked!!!

Particularly in poor taste too, since I believe a few months prior or potential within a year his account was hacked on Twitter among many other celebrities, and the malicious user posted a Bitcoin doubling scam or something along those lines. You'd think he'd refrain from talking the nonesense he did about Bitcoin, and then trolling with Doge. At least, I believe he must have been trolling with the Doge predictions, and hyping it up.

[jaberwock]

maybe, as I see when guys like that are making these predictions, it seems like the market reacts really fast and the price goes up, of course it's a coincidence. But the funny part of it all is that if the price dropped too much they would be making peximistic price forecasts. they surf the wave: price goes up and they show up with optimism, price goes down a lot and they show up with peximism

it seems what you say has become something that is commonly done and is always optimistic when it increases but pessimistic when there is a decrease. actually something that happened must be addressed with everything that has happened, if you believe it is increasing then you must also accept if there is a correction.
actually something that is natural in crypto especially with bitcoin will always give a surprise every step that will be taken.

We should never feel bad about crypto, it is certainly something that we should always be hopeful about. Yes, there are times when the price drops but the reality is that as long as we can hang in there then we could make a profit. Obviously it is not going to be easy, and yes sometimes that is not something that we could all feel and emotions run wild and sometimes we can't help but feel bad.

It looks easy to say this when the price is so high, but even when it dropped to 30k you could check my posts and see that I have been promoting buying more crypto. Never get discouraged about crypto and always feel like you are doing the most rightful thing for your finances when you are buying it. Crypto may drop here and there but in the long run it has never failed to go up, and that is why we are buying it, not because it could be higher tomorrow, but it WILL be higher in the future.

[Fundamentals Of]

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

But the interesting thing here is not the price prediction as it is a given that Bitcoin will reach it. It is the fact that the one predicting it is a giant banking institution. This is a signal of how bullish Bitcoin even banks believe in its potential. Nowadays there is no reason to doubt Bitcoin anymore.

Right. And with its high volatility, its not surprising that bitcoin will definitely hit the target in the near future. Though this prediction is still a big question when this will happen, but knowing JP Morgan, this is more like of a market manipulation same with what Elon Musk did before. But for me, this isn't new as almost all of us are predicting bitcoin value to reach a very high and valuable amount. And with its increasing huge demand basically from big institutions, this will be more reachable maybe in the first quarter by next year.

JP Morgan and Elon Musk are all free to manipulate the price of Bitcoin. They can do it as much as they want. If it is true that they are manipulating the Bitcoin market, let them be. The Bitcoin market is open and free. Everybody can join, both retail buyers and large whales. They have the money so they can influence the market to a certain extent. Let them do their thing and we do ours. We will try to ride with their calls. But the best thing that we can do is to keep our Bitcoin. Never sell them to these whales. They will grow even bigger.

Free to spread fud too. AS they also did in the past. Jaime had been doing it since the time when BTC got a price.

Amazingly Jaime was saying I think it was last month where he said in an interview that BTC is worthless. But this month JP morgan is speculating it to rise more than $145K.

Those FUD may or may not be part of their manipulation. We cannot be sure whether every time they use their influence to speak against Bitcoin, they are also secretly putting up cheap buy orders. They know they have the leverage in terms of how they speak about Bitcoin because they are famous personalities. Their statements can make waves because news are made out of them. They will be put on headlines even. But, regardless, we shouldn't be swayed and allow them to take our Bitcoin. We continue to hodl in highs and lows.

[Welsh]

We should never feel bad about crypto, it is certainly something that we should always be hopeful about. Yes, there are times when the price drops but the reality is that as long as we can hang in there then we could make a profit. Obviously it is not going to be easy, and yes sometimes that is not something that we could all feel and emotions run wild and sometimes we can't help but feel bad.

It looks easy to say this when the price is so high, but even when it dropped to 30k you could check my posts and see that I have been promoting buying more crypto. Never get discouraged about crypto and always feel like you are doing the most rightful thing for your finances when you are buying it. Crypto may drop here and there but in the long run it has never failed to go up, and that is why we are buying it, not because it could be higher tomorrow, but it WILL be higher in the future.

Sorry to nitpick, but I think it's important when talking about investments, and what someone might perceive as investment advice. Reality, and "could" as you say don't really go together, at least not exactly. You're partially right that Bitcoin could continue to rise just like history has suggested, however the reality of it is we don't actually know. There's not one person out there that can say the true value of Bitcoin, well at least in price terms. Of course, depends what you perceive value to mean, if you perceive value to mean freedom of your finances when I imagine the value of it is pretty high, however since we're in the speculation section, and when most users say "value" they actually mean the price of Bitcoin.

Value, and price are two different things, and while one might contribute to the other they aren't exactly mutually exclusive. Bitcoin can still be valuable, if the price crashed. However, to get back to my point; Yeah, Bitcoin has continuously gone up in its history, and if we were to take history as a sole factor, we would be expecting it to continuously go back forever, but that likely isn't reality. Bitcoin, as with everything likely has a ceiling, and while you, and I might think that's a while off, we can't accurately state without a doubt in our mind that's the case.

So, while I definitely admire your optimism, I don't feel comfortable with saying "Bitcoin will go up", when I know there's many factors which could potentially limit that, despite wanting to believe that, and probably quite confident. I would rather say, "Bitcoin has the potential to go up" just because this could potentially be seen as investment advice, and for me I'm not particularly keen on offering investment advice when I'm not actually sure of the outcome.

[Sihab76]

By the end of the running year 2021 Bitcoin price may be hit the highest $100k but many experts predict that Bitcoin would again dumped step by step 4 years gapping... 2022 would be the another the biggest bearish...

[wxa7115]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

[milewilda]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

Comes to a point that words out of these people/institution wouldnt really be that important for us to mind off because they arent consistent or do change up from time to time as they do like.
So better to ignore and wont really be stressing out yourself whether they do predict about those 6 digits or predicting about those crash in price.What you should think is that
on how you would able to utilize these current movements for your benefit.You cant really just let those words would affect your decisioning in terms of investment.
Always take consideration that no one could ever predict on whats ahead.

[sana54210]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

[cryptomaniac_xxx]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

They have their own narrative for pushing that prediction obviously, and it's going to be double edge sword. If they hit it, they can brag and say to their investors "I told you so, so bring more money to us and we will make more money to you". They will make some noise and sell it to their investors and even to those average joe who read the news and maybe they are going to invest as well. So we will see how this predictions will happen this year or at least the first quarter of 2022. Could be a hit or miss.

[AmoreJaz]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

They have their own narrative for pushing that prediction obviously, and it's going to be double edge sword. If they hit it, they can brag and say to their investors "I told you so, so bring more money to us and we will make more money to you". They will make some noise and sell it to their investors and even to those average joe who read the news and maybe they are going to invest as well. So we will see how this predictions will happen this year or at least the first quarter of 2022. Could be a hit or miss.

this institution is just purely for business here. remember before when its CEO said bitcoin is 'worthless', and now, they are seeing the price is going up and reaching new heights, they want to ride the popularity of bitcoin.
they may have the money but for me, they are not credible with respect to giving predictions. just another institution who wants media attention, so they can attract more investors.

[freedomgo]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation? 

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

The price of bitcoin will never follow a straight upward trend, it will always be associated with minor dumps in between. But at the end of the day, you will see that bitcoin can reach a very high value, even higher than $146k, but the question is when. For me, i don't likely believe that this year bitcoin will hit JP Morgan's prediction, bitcoin moves so slow this time. But by next year, probably it will happen if not in the 1st quarter, then maybe in the 2nd quarter of the year.

[Hypnosis00]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation? 

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

The price of bitcoin will never follow a straight upward trend, it will always be associated with minor dumps in between. But at the end of the day, you will see that bitcoin can reach a very high value, even higher than $146k, but the question is when. For me, i don't likely believe that this year bitcoin will hit JP Morgan's prediction, bitcoin moves so slow this time. But by next year, probably it will happen if not in the 1st quarter, then maybe in the 2nd quarter of the year.

And it founds to be associated with gaining more attention. $146k is not that far for not able to happen but could be taking so long as the market trend has never been always on the rising momentum. Can't just ignore the market corrections and whether we like it or not, that certainly come in no specific time. But I guess, this comes after the next halving. It was just like we are doubling the current price and that it happens several time, $30k t- $60k, then, from $70k this year to $146k...well, I hope so.

[BuNga_cute]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation? 

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

The price of bitcoin will never follow a straight upward trend, it will always be associated with minor dumps in between. But at the end of the day, you will see that bitcoin can reach a very high value, even higher than $146k, but the question is when. For me, i don't likely believe that this year bitcoin will hit JP Morgan's prediction, bitcoin moves so slow this time. But by next year, probably it will happen if not in the 1st quarter, then maybe in the 2nd quarter of the year.

And it founds to be associated with gaining more attention. $146k is not that far for not able to happen but could be taking so long as the market trend has never been always on the rising momentum. Can't just ignore the market corrections and whether we like it or not, that certainly come in no specific time. But I guess, this comes after the next halving. It was just like we are doubling the current price and that it happens several time, $30k t- $60k, then, from $70k this year to $146k...well, I hope so.

I also feel that the $146k target is not impossible to achieve, after several times seeing the price of Bitcoin managed to double. One example is
like you said when Bitcoin at $30k managed to go up quite quickly to $60k. And in the crypto world it often repeats itself, and I hope that
the doubling of Bitcoin price will also be repeated. Although we also have to be aware that Bitcoin may also experience a deep correction before
rising to a much higher price. If indeed to reach the price of $ 146k must experience a correction first, it's nothing to worry about as long as
we don't panic and can be patient holding Bitcoin. Because of how far the price of Bitcoin has fallen, Bitcoin can always recover again. So we have
to believe in the future of Bitcoin, if we really want to make big profits from Bitcoin.

[traderethereum]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation? 

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

The price of bitcoin will never follow a straight upward trend, it will always be associated with minor dumps in between. But at the end of the day, you will see that bitcoin can reach a very high value, even higher than $146k, but the question is when. For me, i don't likely believe that this year bitcoin will hit JP Morgan's prediction, bitcoin moves so slow this time. But by next year, probably it will happen if not in the 1st quarter, then maybe in the 2nd quarter of the year.

And it founds to be associated with gaining more attention. $146k is not that far for not able to happen but could be taking so long as the market trend has never been always on the rising momentum. Can't just ignore the market corrections and whether we like it or not, that certainly come in no specific time. But I guess, this comes after the next halving. It was just like we are doubling the current price and that it happens several time, $30k t- $60k, then, from $70k this year to $146k...well, I hope so.

I also feel that the $146k target is not impossible to achieve, after several times seeing the price of Bitcoin managed to double. One example is
like you said when Bitcoin at $30k managed to go up quite quickly to $60k. And in the crypto world it often repeats itself, and I hope that
the doubling of Bitcoin price will also be repeated. Although we also have to be aware that Bitcoin may also experience a deep correction before
rising to a much higher price. If indeed to reach the price of $ 146k must experience a correction first, it's nothing to worry about as long as
we don't panic and can be patient holding Bitcoin. Because of how far the price of Bitcoin has fallen, Bitcoin can always recover again. So we have
to believe in the future of Bitcoin, if we really want to make big profits from Bitcoin.

I believe bitcoin will hit $146k even more in the future because with the adoption progress still increasing and the acceptance of bitcoin in many countries still have good progress too, it could attract people and companies attention to investing in bitcoin.
That can help to boost bitcoin popularity among them and will get more new bitcoin users to join the bitcoin world.
We should not worry about the correction because that is part of the crypto movements and with the correction, we get a good time to accumulate more bitcoin at a low price.
When bitcoin price can drop drastically after hitting the highest price, that will be the best time to buy bitcoin.

[dragonvslinux]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The $150K is merely the upper resistance trend line of Bitcoin's Logarithmic Growth Curves, this is far from a prediction based on fundamentals imo, but caculating exponential growth with lowering returns:



Bitcoin reaching JP Morgan's target is simply the most likely outcome if price continues to move higher this year. I'd say it's nothing new, they simply studied logarithmic growth, as it has been a reliable indicator or tops and (relative) bottoms in the market. This also remains a conservative target, given that in March 2020 price dropped below logarithmic support by a good 50% (for the first time), therefore it's possible to argue that it's likely to break above resistance briefly as well. Ie do the same thing to the upside as it previously did to the downside. For price to become as bullish as price previously went bearish.

If at the end of the current bull trend price goes as wild as it did during the covid dump, then a 50% move above the log growth resistance trend-line would be $225K for reference sake.

[poplolnman]

Also JP Morgan Boss in 2013 "Bitcoin is a fraud that will blow up" , Jokes everywhere and i'm not surprised. I left bitcoin world for about 4 years now and
it seems the world has changed a lot. bitcoin sky high price spoil everything.

[Devifajarina]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

Not so influential with the predictions made by JPMorgan, despite the fact bitcoin is at a good value for now, a lot of the predictions people make are not like this, the pump that continues to occur on bitcoin is getting better at current prices, it can't be big volatility will affect bitcoin's sharp decline in predictions made, and investors will never care about any predictions made, they have their own actions in determining the direction of bitcoin going forward.

[7788bitcoin]

Also JP Morgan Boss in 2013 "Bitcoin is a fraud that will blow up" , Jokes everywhere and i'm not surprised. I left bitcoin world for about 4 years now and
it seems the world has changed a lot. bitcoin sky high price spoil everything.

Unless you were in a coma you could follow the market, if you are not active in the forum it is a different story but if you say that you were not even following what is going on in the cryptocurrency space for the past 4 years, it looks weird  .

JP Morgan changed their views with time and so does many who were calling Bitcoin a bubble .

[jostorres]

I believe bitcoin will hit $146k even more in the future because with the adoption progress still increasing and the acceptance of bitcoin in many countries still have good progress too, it could attract people and companies attention to investing in bitcoin.
That can help to boost bitcoin popularity among them and will get more new bitcoin users to join the bitcoin world.
We should not worry about the correction because that is part of the crypto movements and with the correction, we get a good time to accumulate more bitcoin at a low price.
When bitcoin price can drop drastically after hitting the highest price, that will be the best time to buy bitcoin.

Of course it will hit 146k one day, that is not even a discussion, we all know it will hit that level for sure. The problem is that we may get to see it this year, or next year or year after that or maybe longer? How long would we have to wait for that to happen? This is the difference, this is why I believe that we should not be focusing on what it will reach, we know it will get bigger, we need to focus on when that will happen.

As a long term investor it doesn't bother me, knowing that one day it will eventually be even a million dollars is the reason why I am happy, I have so many different coins and tokens as well that I believe could go up even higher, so all I do now is wait for it to happen, could take 10-20 years all I care, but many people here are traders and they really need to know when it could become 146k, it matters to them a lot.

[TheEconomists]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come. Why is it difficult for you to make prediction for the short time period because the former is out of anxiety and no real evidence on why it should happen the way you predict it.

[Oilacris]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come. Why is it difficult for you to make prediction for the short time period because the former is out of anxiety and no real evidence on why it should happen the way you predict it.

Dont beleive about those precise numbers or on when it would happen because those are just speculations which arent really that ideal for you to follow on and we know that this is a speculative market so its just normal that people would be claiming off things.

They could say all they want basing on whats inside of their minds neither going up or going down and with those sentiments then you should be keen whether you do skip or believe basing into those.

We would surely comes to a point where we do able to reach out new ATH's but we dont know on when it would happen.

[Rabi3]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

Do they only make these "predictions" when bitcoin is rebounding and then fallen slightly, perhaps to coincide with when they just bought some...?

I mean it's a nice news story and will probably get some people on twitter excited but I think their primary goal is still price manipulation.

hmmm, that actually could be true, those are business men, they definitely bought some, build a hype and tweet and talk about the potential of bitcoin braking big numbers and wait for people to do that for you, manipulation at it's finest.

[Charles-Tim]

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come.

Just like many people said $10000, $20000 and above are not realistic. There is nothing bad to hold bitcoin for 100 years and more and pass it to children. Also some people do not believe there small holding which were nothing in the past that become something now, but their private key has been lost.

[Kasabus]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come. Why is it difficult for you to make prediction for the short time period because the former is out of anxiety and no real evidence on why it should happen the way you predict it.

Dont beleive about those precise numbers or on when it would happen because those are just speculations which arent really that ideal for you to follow on and we know that this is a speculative market so its just normal that people would be claiming off things.

They could say all they want basing on whats inside of their minds neither going up or going down and with those sentiments then you should be keen whether you do skip or believe basing into those.

We would surely comes to a point where we do able to reach out new ATH's but we dont know on when it would happen.

Bitcoin will create more possibilities to reach new ATH this year since the market is so bullish which only means that it has bigger chances to land another all time highs. But it seems the prediction of JP Morgan is not possible this year, we can have new ATH before this year ends but maybe it will only touch $80k-$90k price duration. But knowing bitcoin which is highly volatile, sometimes its moves is so surprising and we may wake up one day seeing its value is already above $100k. Who knows? If that will happen this year, many investors will definitely become millionaires in less than a year.

[Devifajarina]

Not so influential with the predictions made by JPMorgan, despite the fact bitcoin is at a good value for now, a lot of the predictions people make are not like this, the pump that continues to occur on bitcoin is getting better at current prices, it can't be big volatility will affect bitcoin's sharp decline in predictions made, and investors will never care about any predictions made, they have their own actions in determining the direction of bitcoin going forward.

If you look at the current condition of bitcoin, it is a concept that was deliberately designed by those who have a big influence on crypto, one of which is big investors who continue to develop bitcoin movements, they determine bitcoin correction and pumping occurs, because they are the condition of bitcoin that continues to develop today, despite the regular correction and pumping of the market.

Not everything they do makes bitcoin influential, even though 40% of what you say has the truth, but when viewed from the beginning of the development of bitcoin itself, it is very much determined by the development team and the promotion team, initially bitcoin is not so calculated in crypto, but after pumping occurs This year, bitcoin is increasingly sought after and enjoyed by large investors, thus not everything is determined by investors.

[qwertyup23]

understatement because bitcoin price will surely hit over $150000

If the "volatility issues" are solved, even 10x of that value is easily possible, since then *everybody* will use Bitcoin as a store of value.
That's why I find JP Morgan statements more a speculation/pumping attempt than anything else. All those "could" "if" parts are there just to somehow give a bit of credibility to their "analysis".

Bearing this in mind, is it not best if people would HODL BTC for long-term gains and profit? While I do understand that this may take some several years for it to materialize, but should not people HODL and avoid any short-term trading for the time being?

As someone who notoriously withdrew majority of my BTC from 2017-2020, I regretted it as soon as I saw my blockchain record stating the total number of transactions that were sent to my wallet (totalling up to $30,000). As someone who lives in a third-world country, such value can totally change my life for the better.

[NeuroticFish]

Bearing this in mind, is it not best if people would HODL BTC for long-term gains and profit? While I do understand that this may take some several years for it to materialize, but should not people HODL and avoid any short-term trading for the time being?

That's correct. Bitcoin has shown that the best recipe is to HODL as long as you can.
But this is speculation. We don't know what the future holds. We expect it to be great for HODLers, but actually nobody can say certainly what will happen and when.

As someone who notoriously withdrew majority of my BTC from 2017-2020, I regretted it as soon as I saw my blockchain record stating the total number of transactions that were sent to my wallet (totalling up to $30,000). As someone who lives in a third-world country, such value can totally change my life for the better.

Ooops, that's a sad story. Sorry to hear that  
The thing with the investments is that it's usually good to cash in some for a better life, but also keep some and let it grow.
Although... something is wrong with your story. You had whole 2019 and almost whole 2020 to buy back at discounted price. You had your chance... Now it's much more difficult do do that if you're from third-world country as you said.

[n0ne]

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come.

Just like many people said $10000, $20000 and above are not realistic. There is nothing bad to hold bitcoin for 100 years and more and pass it to children. Also some people do not believe there small holding which were nothing in the past that become something now, but their private key has been lost.

Not even $10000, people were more skeptical about bitcoin price reaching $5k. The Predictions were outlawed and the growth continued. This is all about the potential of bitcoin. Users who just invested on Bitcoin and forgot about it are now in search of the private keys. Some are really lucky to make good fortune of the early investments. Not only JP Morgan, more other personalities have made statements of bitcoin price reaching much higher than this. One being Tom Lee who has predicted the price to touch atleast $168k.

[darkangelosme]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

[Obito]

This is probably just a big hype, didn't they predicted the price much lower than that the last time? I think they're just going to increase the number in each pump because they want to create hype behind bitcoin that will probably be temporary. Don't get me wrong, I do hope too that the market will go to that point but since they're one upping everytime the prices go up, I don't see how I can trust them.

[Baofeng]

This is probably just a big hype, didn't they predicted the price much lower than that the last time? I think they're just going to increase the number in each pump because they want to create hype behind bitcoin that will probably be temporary. Don't get me wrong, I do hope too that the market will go to that point but since they're one upping everytime the prices go up, I don't see how I can trust them.

Again, as I have said previously, they have their reasons to hype the price of bitcoin. They have big clients now who are really interested so it's like they are putting a sale pitch in public for their current and future client.

And just like you and me, we can make conservative and marvelous predictions. But in the end, it doesn't mean a thing, it is still the market that will decide where the price will go in the end.

[perfect999]

we can make conservative and marvelous predictions. But in the end, it doesn't mean a thing, it is still the market that will decide where the price will go in the end.

This is what exactly happening right now but in the past we had different situations like people made speculations and traders followed that (at least in my view) then we had expected 4 year cycle for bitcoin market. I guess bitcoin market is waiting for taproot upgrade to happen which might lead more people get into hype. As of now, I am still positive about getting into $100k and then $146k like JP Morgan speculated but which may not happen within 2021.

So, there are possibilities for having bull run even in 2022. When bitcoin block rewards keep shrinking then we will have longer bull run than past 4 year cycles. This way, this year could be the first time to have more than 12 months long bull run.

[batang_bitcoin]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD,

I won't say that it's hard, did you expect bitcoin reaching $67k for this year? I bet you didn't since last year was quite passive until the end of it became active and showed the start of the bull run.

for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

Every price is possible at the end of this year or by cycle. We're on a correction and this might be the force again that will help break $70k first and then so on.

[jaberwock]

When JP Morgan talks about a high price, be prepared for the price to begin to decline. I remember their summer predictions for bitcoin, when they predicted a drop in bitcoin to 20-24 thousand, or so. Just before the end of the correction and the price reversal. Usually all these analysts shout about high prices before the start of the correction. All the same, do not forget that this is an investment bank and 90% of their time professional traders of this investment bank are engaged in market making.

That is called market manipulation, they talk about the market like it will do good and sell theirs and that's how they make their money, they expect everyone to get in so that they could get out without losing too much. This is just a method that they use so that they could profit the maximum.

Same concept goes when they want to buy as well, they make news both from their own mouths like this one but also they pay newspapers to talk badly about bitcoin as well and hope that everyone sells, so that they could buy cheap as well and reenter after they sell. This is just a method that whales use to manipulate the market and it is as old as time, nobody believes them anymore.

[macson]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

we've seen a lot of influential people give their predictions about the price of bitcoin.  i'm very sure the price of bitcoin will go to the price that jp morgan said and it will definitely happen in 2022, next year will be a big year for bitcoin.

[romero121]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

we've seen a lot of influential people give their predictions about the price of bitcoin.  i'm very sure the price of bitcoin will go to the price that jp morgan said and it will definitely happen in 2022, next year will be a big year for bitcoin.

I don't think so, because every market move takes place on a cyclic process. For now bitcoin have reached a good price. Further it needs corrective measures and gain stability for a bigger push. Bitcoin could reach new ATH if it was able to break the $64k resistance. If not it'll test the $60k zone and might fall as low as $55000.

[wxa7115]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

Comes to a point that words out of these people/institution wouldnt really be that important for us to mind off because they arent consistent or do change up from time to time as they do like.
So better to ignore and wont really be stressing out yourself whether they do predict about those 6 digits or predicting about those crash in price.What you should think is that
on how you would able to utilize these current movements for your benefit.You cant really just let those words would affect your decisioning in terms of investment.
Always take consideration that no one could ever predict on whats ahead.

As simple as that, I know since we are deeply interested in this market that we will on average read more news than other investors which are part of this market, but at the same time we need to learn how to not let all of that background noise affect us.

After all the only thing that should matter is what are our views about bitcoin and nothing more, as it is obvious that institutions like JP Morgan are trying to shape public opinion with their statements, and it is obvious they are doing this in order to benefit themselves, so it is important to not let their statements affect us, otherwise we could play right into their hands and go against our own interests.

[Welsh]

That is called market manipulation, they talk about the market like it will do good and sell theirs and that's how they make their money, they expect everyone to get in so that they could get out without losing too much. This is just a method that they use so that they could profit the maximum.

Same concept goes when they want to buy as well, they make news both from their own mouths like this one but also they pay newspapers to talk badly about bitcoin as well and hope that everyone sells, so that they could buy cheap as well and reenter after they sell. This is just a method that whales use to manipulate the market and it is as old as time, nobody believes them anymore.

It would only be market manipulation if they are directly benefiting from it or at least trying to purposely do it. Otherwise, it's just making predictions without any substance behind them, both pretty bad. Though, most people don't care about either. Do we know how much JP Morgan are invested into Bitcoin, is that public knowledge? Since, if they did offload Bitcoin after claiming Bitcoin would reach x amount, then that would be clear manipulation, trying to artificially inflate the price, and then sell a large amount, and reinvest at a later date, rinse, and repeat.

Though, I'll be honest I don't know how effective the above title would be at increasing the price in the short term. After all, Tesla was bigger news recently, and that didn't really have much of a significant impact, at least not for long.

[StreakW]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

I think the predictions of several experts including JP Morgan who predict the price of bitcoin to break through $146,000 will most likely happen next year. Moreover, the price of bitcoin is strengthening significantly. In fact, in this year the price has twice broken all-time highs.

[Ziskinberg]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

I think the predictions of several experts including JP Morgan who predict the price of bitcoin to break through $146,000 will most likely happen next year. Moreover, the price of bitcoin is strengthening significantly. In fact, in this year the price has twice broken all-time highs.

Bitcoin has reached new ATH twice this year, indeed the opportunity for Bitcoin to reach that price is very wide open, but on the other hand for now it is impossible for bitcoin to reach that price, even though bitcoin is currently in a good trend, and I'm not sure that will happen this year, considering that $146,000 is not the best price for bitcoin right now and it is very difficult to reach that number.

It's probably difficult but you can never say it's impossible for bitcoin to hit that price as one big piece of news would likely cause another huge run that people will once again FOMO and bitcoin will reach a new ATH. The period is short as we only have more than 1 year to finish the year but since we are in crypto where it's very unpredictable, believe that anything could happen despite a short period of time.

[Ngemmeng]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

even 10 years ago $80k USD sounded impossible, and probably no one would believe it.
but right now $80k USD sounds very reasonable and even many people believe the price of bitcoin will go much higher than that price. I mean bitcoin is capable of turning the impossible into possible, and in the future 1 million USD will sound very reasonable.

[Fatunad]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

even 10 years ago $80k USD sounded impossible, and probably no one would believe it.
but right now $80k USD sounds very reasonable and even many people believe the price of bitcoin will go much higher than that price. I mean bitcoin is capable of turning the impossible into possible, and in the future 1 million USD will sound very reasonable.

We could only say that just because it did really happen but to those who did really believe that we could go this far and we are almost able to hit that 80k but of course we do need to break that 70k resistance.
For those who do believe when bitcoin was almost had no value then they are the ones who do really make out some enormous profits.Anyone could really make their own speculations or assumptions
about price predictions and this is where people do make out some debates neither argumentations whether its a realistic or non one.

[jostorres]

We could only say that just because it did really happen but to those who did really believe that we could go this far and we are almost able to hit that 80k but of course we do need to break that 70k resistance.
For those who do believe when bitcoin was almost had no value then they are the ones who do really make out some enormous profits.Anyone could really make their own speculations or assumptions
about price predictions and this is where people do make out some debates neither argumentations whether its a realistic or non one.

I am "sort of" a person who believed that we would reach these prices. I have to be honest I had no idea it would be this quickly, I expected 50k+ to be broken by 2025 and not during 2021 and I am 4 years too late in my prediction. This is why I said "sort of", because I did believe we would be at these prices, I knew we would be because bitcoin is pegged against fiat and fiat keeps getting inflation so it is reasonable to expect bitcoin to be 50k+ one day, just didn't know it would be this quickly.

I also expect it to be 100k and then 250k and 500k and 1 million dollars, all of that will happen one day. Do I know when it will happen? I have zero clue, if you ask me at least 2030 before we reach to 500k, and maybe 2040 or so until we are 1 million dollars. However would I be shocked if we reach those levels in 5 years? I would not be, because that's how fast bitcoin could be.

[noormcs5]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

Are you sure bitcoin will reach 80,000$ this year ? There are only 40 days left in this year and currently bitcoin is struggling to cross 60,000$ again. There is a possibility that bitcoin might fall below 50,000$ if this downside move continues.
I see very little hope that bitcoin reaches 80K or more within this year.

[tygeade]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

Are you sure bitcoin will reach 80,000$ this year ? There are only 40 days left in this year and currently bitcoin is struggling to cross 60,000$ again. There is a possibility that bitcoin might fall below 50,000$ if this downside move continues.
I see very little hope that bitcoin reaches 80K or more within this year.

Just because it is struggling to go over 60k doesn't mean that it will always be like that, and doesn't mean it can't change in a single day neither. I believe that we could literally go over 70k in under a week and we have gone up that much in less than a week before as well.

Since, we went down this quickly, it wouldn't be shocking to go back up that quickly yet again neither. I do not mean that we will be 80k by the end of the year, I do not know what it will be, it could be 10k or it could be 100k and nobody really knows. All I am saying is that just because we are having trouble with 60k barrier right now doesn't mean that we will have that same problem forever, it could change in a single day.

[STT]

146k next year would be nice but JPM is painting the ideal scenario without all the negatives and speculative sell offs that almost always occur.    We just beat the negative trend, we regained momentum some but I still dont think we have a clear path even for the rest of this year; we remain obstructed and 146k is the idea of a clear path up a dream most often elusive.

[Vaskiy]

146k next year would be nice but JPM is painting the ideal scenario without all the negatives and speculative sell offs that almost always occur.    We just beat the negative trend, we regained momentum some but I still dont think we have a clear path even for the rest of this year; we remain obstructed and 146k is the idea of a clear path up a dream most often elusive.

Same as JPM more other influential people are highly positive and bullish about the market without taking into consideration the negatives and speculative sell offs. The market experienced a downfall termed to be the correction. There is gradual recovery, and this growth could continue with the month. However the day candle for the month have ended below the $58000 which could retest $55000. Reaching $146k will take place, but not in the upcoming months.

[temple]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

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?

 

It is funny that we are discussing two articles here, one published on November 3rd and the other one on November 4th, significantly contradicting each other. They literally say that the fair value of Bitcoin should be around $35,000 while one day before they talk about the $146,000 price target. Going for a fair value assessment for Bitcoin is doubtful anyway, but that discrepancy is funny to say the least. It is not like they corrected their price target by 10% or so. The good thing is we all have been around for a while and we know that JP Morgan changes their mind every couple of days.

https://dailyhodl.com/2021/11/04/jpmorgan-analysts-challenge-100000-bitcoin-predictions-say-btc-currently-overpriced-report/

[NeuroticFish]

It is funny that we are discussing two articles here, one published on November 3rd and the other one on November 4th, significantly contradicting each other. They literally say that the fair value of Bitcoin should be around $35,000 while one day before they talk about the $146,000 price target. Going for a fair value assessment for Bitcoin is doubtful anyway, but that discrepancy is funny to say the least. It is not like they corrected their price target by 10% or so. The good thing is we all have been around for a while and we know that JP Morgan changes their mind every couple of days.

Indeed, that's why I thought they want to attempt a week-end pump back then.
For somebody knowing both their statements it clearly shows that they are more confused than ever.
Changing their mind for profit is one thing; changing the statements like this is funny, stupid and make them lose any credibility (in case they still had any).
However, it's old story by now   I think it's better if I even lock this thread.