JP Morgan Thinks Bitcoin is Underpriced Compared to Gold

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#1May 8, 2018, 08:01 AM
JP Morgan is finally saying something interesting about Bitcoin.
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0x4lphaFull Member
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#2May 8, 2018, 11:50 AM
Do you really buy into their research? I mean, it's clear there's room for Bitcoin to hit between $150k and $180k this bull run, especially considering gold's surge.
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0xHashMember
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#3May 8, 2018, 05:48 PM
I think it’s undervalued because only about 4% of the global population has bought it. Sure, not everyone will jump on board, but that percentage will grow.
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laseryesSenior Member
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#4May 8, 2018, 08:09 PM
Honestly, JP Morgan might be the ones missing the boat here. Bitcoin has consistently gone up, while gold is also hitting all-time highs. That volatility and demand could send Bitcoin over its previous highs.
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jake.seedNewbie
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#5May 8, 2018, 08:45 PM
Totally agree. Bitcoin might not be gold, but it’s definitely digital gold. Digital assets are the future, and Bitcoin has so much potential to grow. One day, it could hit a million bucks!
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tom2014Legendary
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#6May 8, 2018, 11:30 PM
I think the price will rise regardless. We shouldn't fixate on exact numbers like 150k or 200k. If adoption keeps going, we'll get there.
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bear100Hero Member
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#7May 10, 2018, 03:43 AM
Since when are we supposed to take JPM's Bitcoin predictions seriously? Jamie Dimon has trashed Bitcoin before. They’re all over the place with their opinions.
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#8May 10, 2018, 04:19 AM
True, 4% seems minimal, but if we think about companies and institutions getting involved, maybe Bitcoin's not so undervalued after all. $120k is pretty hefty for some.
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#9May 11, 2018, 06:58 PM
I have no doubt Bitcoin will rise. The interest is already huge, and we could see big jumps before the year ends. Even if we don’t hit 150k now, there are still plenty of months left.
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0xSatoshiMember
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#10May 13, 2018, 09:48 PM
These prices might not seem undervalued now, but they’re still reasonable in the long run. I suspect we’ll see a real surge after the next halving.
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im_foxMember
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#11May 13, 2018, 11:47 PM
JP Morgan has manipulated the market so much it’s crazy. But I guess this price target could trigger buying from big players.
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hash51Newbie
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#12May 14, 2018, 05:03 AM
When everyone’s hyping Bitcoin, it’s wise to remember Warren Buffet's advice: be cautious when others are greedy. If you’re just in this cycle, consider cashing out gradually.
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im_seedMember
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#13May 14, 2018, 10:59 AM
If you’ve kept an eye on gold, it’s been on a wild ride. It keeps climbing, which makes sense for Bitcoin to follow that trend. But the economy looks shaky.
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#14May 14, 2018, 12:53 PM
Don’t trust Wall Street’s models; they often flip-flop. Bitcoin still has potential for growth. Reaching 150k or 180k isn’t totally out of the question if money keeps flowing in.
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coldshardMember
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#15May 14, 2018, 05:35 PM
Yeah, the economy’s not stable, with inflation and tariffs. Plus, China pushing for de-dollarization is a big deal. Gold's demand is skyrocketing, it makes sense its price is rising.
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bear100Hero Member
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#16May 15, 2018, 06:20 PM
I’ve been buying gold jewelry too, as a safe investment during these times. But honestly, I’m leaning towards Bitcoin because it feels more attractive.
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chris2020Newbie
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#17May 16, 2018, 12:13 AM
People regretted not buying Bitcoin at lower prices before, and they’ll do the same at 120k. But that doesn’t mean Bitcoin is undervalued. It’s not for everyone.
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maxoracleMember
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#18May 17, 2018, 06:19 PM
Matthew Sigel should be careful with these bullish predictions, considering how Jamie Dimon feels about Bitcoin. But he might be onto something, as some gold investors could see Bitcoin as an alternative.
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mr_apeNewbie
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#19May 17, 2018, 08:32 PM
I get what you’re saying, but gold’s price is pretty high right now. Bitcoin feels more appealing, especially with the way fiat is losing value.
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CalmS4tFull Member
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#20May 18, 2018, 12:13 AM
JP Morgan is just a joke. They’ve switched their stance on Bitcoin so many times. Jamie Dimon called Bitcoin worthless before, now he’s talking it up. Can we even take them seriously?
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