JP Morgan: bitcoin could hit $146,000

[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.

[1714739091]

1714739091

[1714739091]

1714739091

[1714739091]

1714739091

[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