JP MORGAN : Bitcoin could go to 100,000$. Run Forest?

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I remember when they say crude oil to 200$ in 2008. it was the top

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

Bitcoin could stage a monster rally in 2021 to as high as $100,000, but pricing at that level “would prove unsustainable,” JPMorgan said in a note on Monday.
“We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said.
At its current market cap of $575 billion, bitcoin would have to surge to $146,000 to match the total private sector investment in gold via ETFs or bars and coins, according to the note.

markets.businessinsider.com/currencies/news/bitcoin-price-outlook-rally-100000-move-would-be-unsustainable-jpmorgan-2021-1-1029931561

 

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