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Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey

Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey



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6 Comments

  1. I used to like these types of articles because I thought big banks and wealthy investors would be able to better predict Bitcoin’s future price than me. But, after looking at many of their predictions over the past 6 months, I’d be surprised if they do better than random guessing.

  2. tldr; JPMorgan Chase asked its clients, “Where do you see Bitcoin trading at 2022 year-end?” Just 5% said they saw the digital coin reaching $100,000, and 9% saw it breaking previous all-time highs, reaching over $80,000. Most clients (55%) see BTC trading at $60,000 or above.

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

  3. So basically the average and median guess are the current price of Bitcoin. 50% think it will go lower, 50% higher.

    It just the standard deviation of a random variable. No one really knows!

  4. what’s odd is that traditional investors seem to look at the BTC price as though it were a stock. It trades in a similar manner, but its price drivers are tied to fiat devaluation and network adoption, not profit and asset growth – That’s why I find it strange that BTC price and the overall market averages tend to correlate. I believe someday these will decouple.

What do you think?

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