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JPMorgan Chase Says Bitcoin Currently UNDERVALUED By 28% – As they REPLACE Real Estate with Crypto on ‘Preferred Assets’ List…

JPMorgan Chase Says Bitcoin Currently UNDERVALUED By 28% – As they REPLACE Real Estate with Crypto on ‘Preferred Assets’ List…



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  1. tldr; JPMorgan believes Bitcoin is undervalued by 28% and has set a price target of $38,000 for the coin, which is currently fluctuating at about $29,000. Last summer, JPMorgan began offering six crypto funds to its wealth management clients, allowing them to diversify their portfolios with bitcoin exposure.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. There is a systemic issue with having real estate tied to a long tern store of value. We have seen this throughout many places with bubbling house prices, long term renting becoming normaliaed, families and FTB ever increasingly priced out of the market.

    Living in housing (and by extention, owning) will always be a basic requirement of life. With Bitcoin being a choice asset for long term store of value we may see this come back to normality. It is not normal some places only have 30% home ownership due to being priced out, even though they live there.

  3. This will get worse before better. Morgan is always publishing opossite thier trades. They are selling here and telling you to buy just like they will tell you to sell the bottom.

    I’m sure many are realizing this now but we’re heading for another crypto winter. I would not be surprised to see 10k before the next leg up

    And make no mistake. At 10k you will see JP Morgan articles describing the end of crypto and talking about tulips.

  4. If they were wrong in November, what makes you think they are right now?

    [https://m.timesofindia.com/business/cryptocurrency/bitcoin/jp-morgan-predicts-bitcoin-to-reach-146000-in-long-run-and-73000-in-short-term/amp_articleshow/87590473.cms](https://m.timesofindia.com/business/cryptocurrency/bitcoin/jp-morgan-predicts-bitcoin-to-reach-146000-in-long-run-and-73000-in-short-term/amp_articleshow/87590473.cms)

What do you think?

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