Bitcoin and Ether Prices Capped Upside Ahead, Says JPMorgan

[Wimex]

JPMorgan, the leading global financial services company for governments and the world's most important institutions, speaks again about Bitcoin and stablecoins.

According to words by Morgan

The Crypto rally is likely to be in its last stages as stablecoins see sharp decline in total share of overall crypto market valuation.

We know that Bitcoin shines in the markets for its decentralization, for not being controlled and for not having limits, the only problem is its large fluctuations in its value. For this reason, stablecoins have become very popular, having a greater impact now in 2022, with their market valued at about $186 billion.

It is certainly interesting as Morgan argues that

By watching the market share of stablecoins related to the total crypto market, we can get a sense of what is about to come. They argue growth in the share of stablecoins means a lot of cash on the sidelines ready to enter the market. On the contrary, a shrinking supply means a potential upside is limited.

In my opinion, although it is difficult to create a reliable financial system with Bitcoin due to its volatility, over time it is likely to grow even more and have a constant and stable value. What do you think?

SOURCE: https://zycrypto.com/bitcoin-ether-prices-have-limited-upside-ahead-says-jpmorgan/

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[buwaytress]

Not going to fall over any analysis from the likes of JPM right now but it does seem fair reasoning since really stablecoin hoarding is only for buying but even retail investment now is no longer all about usdt btc.

OTC, previously few and exclusively for whales, are now opening up slowly to those longer term holders who aren't necessarily whales -- let us say those who, in the dozens, collectively have whale purchasing power.

And with OTC that even means buying with collateral, not even direct trading anymore. I have always said that we cannot really tell true volumes as more and more trading is moving off-exchange and off-chain.

[franky1]

bitcoin value(not price) is stable.
imagine this weeks PRICE has over the last 2 years been volatile between $30k-$70k moving up and down many times.. the underlying VALUE has however been stable and moving up cautiously upto a level that currently sits at about $27k, slowly moving from its $4k VALUE in 2017
unless there is a massive change in the cost of mining. bitcoins value(underlying/beneath the price) should remain stable and continue to rise

ethereum however is going to 'detonate' into PoS mining soon, which will see the VALUE drop by 100x-1000x.. yep instead of costing over $1k to mine 1 eth, it will cost only a couple dollar to mine. meaning anything above this value is pure speculation. and with such a large bubble of speculation at the date of detonation, the price of ethereum can crash down and lose value by alot. and correct to the new 'post-detonation' value of a few dollars

[pawanjain]

Only if it was that easy to predict what is gonna happen next in the crypto market then I would have probably become a millionaire by now.
Obviously JP Morgan might be way better than me at analysis but one thing I can say is that in crypto, it doesn't matter what we think is going to happen.
We have to wait for it and ride the wave while it lasts. Right now we don't know whether we go up or down or stay in sideways for the time being.

[Leviathan.007]

I won't really fall into the analysis from JPMorgan or the others, they sometimes believe the market is very bullish and sometimes believe it's bearish the most important thing is even if they got very good people to do technical analysis still they cannot predict the future and none know what's going to happen to bitcoin, but from what we can see on the chart of the bitcoin price, I seem to like the downward price movement is nearly over and the key support area didn't break so we can expect some spin and stable price movements and maybe starting next uptrend channel soon.

[KennyR]

The market is completely unpredictable which is the truth. Whether it is JP Morgan or someone else, the prediction sometimes coincide and the same can't be connected to his ability on analysing the market. As per my knowledge, being a top authority he have the ability to be an influencer. This means his statements will have some positive/negative disturbance on the market. These impacts will be active for short time period.

[tabas]

Is this a buying sign? Well, every time JPMorgan speaks or any financial institution speaks about the market going high, the market starts to dump.
And when they talk about that it should decline then, the opposite is probably going to happen. Well, for someone who longs on bitcoin, there's no need to hear them speak about what they think in the market. As long as we know that halving is approaching two years from now and effect of it would be incredible again.

[GreatArkansas]

In my opinion, although it is difficult to create a reliable financial system with Bitcoin due to its volatility, over time it is likely to grow even more and have a constant and stable value. What do you think?
(....)

For me, the market on Bitcoin is still young, and not mature enough that's why there are still some difficulties now. But for me, time will come, volatility in the cryptocurrency market is normal as it has already proven over time.
Another thing is these kinds of entities are being normal, it's normal we are getting some of their thoughts or vision about the current market, and some of them have some insights because some of them want to pump their bags or opposite.

[DapanasFruit]

In the first place, there is no reason why we have to listen of any analysis especially coming JPMorgan, a big financial institution that was once a big enemy of Bitcoin in the first place. Had we listened to Dimon in 2017 then most probably we are not anymore here in the cryptocurrency market. These people are so biased and I don't think they have a clean credibility to start with. Just because there seems to be an increasing interest with stablecoins does not directly mean the cryptocurrency like Bitcoin will now be on the sideline...remember that stablecoins are not actually giving us the best ROI in fact they are more like what banks are providing and they are there for a big reason like a cover in a storm but they are not the ship (the ship is BTC, etc.). Now, this is just my humble opinion and not a financial advise.

[pooya87]

JPMorgan, the leading global financial services company for governments and the world's most important institutions,

Also one of the most corrupt banksters that has been involved in many cases of money laundering, illegal arms deal and financing terrorism.

For this reason, stablecoins have become very popular, having a greater impact now in 2022, with their market valued at about $186 billion.

The main reasons why stablecoins became popular was because the traders needed a medium to use to go in and out of the altcoin markets and be able to transfer money between exchanges. So a lot of centralized exchanges created centralized shitcoins to be used by traders.

They argue growth in the share of stablecoins means a lot of cash on the sidelines ready to enter the market.

Or it means that just like the government, these centralized companies have been on a printing spree creating more shitcoin supply.

On the contrary, a shrinking supply means a potential upside is limited.

The supply can not shrink! If they've printed the stablecoin, it will remain in circulation.

In my opinion, although it is difficult to create a reliable financial system with Bitcoin due to its volatility, over time it is likely to grow even more and have a constant and stable value. What do you think?

Bitcoin is a currency, you don't build a financial system on it, you use this currency in your already existing financial system.

[davis196]

This looks like the same old "Tether pumped the Bitcoin price.If Tether gets destroyed,Bitcoin goes back to 1K USD." type of FUD.Just replace Tether with "stablecoins",because multiple stablecoins were created in the recent years.
Just because the crypto traders are buying stablecoins,that doesn't necessarily mean that they will buy Bitcoin with those stablecoins.The correlation between the BTC price and the stablecoins market cap is questionable.Actually,the stablecoins market cap goes up in times of bearish markets,when the crypto traders are getting rid of BTC and altcoins,exchanging for stablecoins.
The stablecoin market cap going down might actually mean that a lot traders have bought BTC/altcoins.