What is the person referred to? An analyst. As some analysts will be saying A, some other analysts will be saying Z. What you can just do is to buy and hold bitcoin and relax because bitcoin is going all-time-high by next year and next 2 years.

Some analysts predicted that bitcoin will fall to $20000 again but it did not happen but increased over $35000 instead.

Their analyst is doing what’s their company wants. They are thinking using their balls instead of their brain when it comes to Bitcoin. Their company probably missed out the dip or just recently take profit that’s why they resort to this kind of shitty prediction just to fuel FUD in times of correction.

I bet that they are spouting now about Bitcoin target price is 1M if they are holding Bitcoin right now.

Quoting what my girl Taylor Swift said:

Let’s just shake them off!

Analysts have been known to give their two cents on the price of Bitcoin over the years and while some of their opinions should be taken with a grain of salt, I'd prefer to ignore this one. There has been so many predictions concerning Bitcoin price and although they are trying to prepare investors to not get carried away by the sudden jump, I feel it's not necessary. If this is their way of spreading FUD, they are doing a pretty poor job at it. What do you expect of them though? Sitting in their fancy offices and making these funny assumptions about Bitcoin just goes to show how little they know about it.

Analysts would say all sorts of things, that is their job. They need to have something to say to their bosses who would appear on live TV to have something to say to the TV presenters. I empathize in advance with those who would listen to their BS and decide to invest based on whatever garbage to have to spew out of their mouths against bitcoin.

Wise and smart investors know to buy and hold. It doesn't matter whether it is reaching its ATH or not, what matters is that as long as it is not depreciating in value.

I would take everything JP Morgan will says about crypto or bitcoin in general. Haven't we have learn from the past? Remember Jamie Dimon statement about Bitcoin wayback in 2017?


https://www.binance.com/en/feed/post/1227695

So it's pretty obvious that they have their own intentions to create another FUD. But the good thing is that majority will not fall for it. Better just ignored this noises, when we goes on a bull run, they will obviously back pedalled again or we don't know just like what they did before, they could be simply accumulating and wanted to buy at a cheap price.

This J.P Morgan knows nothing about Bitcoin chart, why Bitcoin becomes bullish depends on it's movement, weekly, monthly and yearly price actions, it's all in the chart, so he is just using his influence to gain attention and maybe cause some rukus.

I have been hearing nonsense from many popular people since 2017 and most of them have learned but some haven't, everyone is free to run their mouth but it will be stupid of you to take their words seriously, they know nothing, they predicts and something else happens, is this the type of people you want to believe?

I've learned to never get carried away by someones point of view in crypto space, I don't care, you will end up getting confused if you follow anyone, let your own be to buy when the market is bleeding and sell when the market is surging, use bear market and bull market to your advantage, forget what others are saying.

They are not bad at their profession.  In fact.  They are actually impressive at their profession.  They have a purpose for most articles.  And honestly.  Who would expect positivity and support from J P Morgan in regards to an asset providing an alternative to what they made money out of.  They are still a business, not charity.

They are just doing their jobs. If one of the analyst thinks bitcoin rally is done that doesn't mean everyone at JP Morgan thinks the same.
Saying that JP Morgan thinks crypto rally is over is not appropriate because it's not like the company has made an announcement or anything.

For some reason, I am not able to see that latest post in this article. The latest post displayed is from Nov 14 and not Nov 15.
Have this site deleted the post ?

These so-called analysts in J.P. Morgan are based on the research report that the Bitcoin ETF might not bring the perceived turnaround that investors are predicting. They are of the view that spot ETF is already operational in Canada and some part of Europe yet it has attracted fewer investors. They are of the view that the positive impact of the spot Bitcoin ETF has been over-hyped because it might not attract billions of dollars as predicted.

You don't have to pay attention to these predictions that are based on mere speculations or hearsay. A few months ago the same analysts came up with two predictions on the price of Bitcoin.

JPMorgan Predicts Bitcoin (BTC) To Revisit $45,000, Here’s Why

Bitcoin at $146,000? JPMorgan Thinks So

i bet those words come from Jamie Dimon. J.P. Morgan does have their own blockchain and they have their own coin too which they would like their investors to use than something else like BTC. that's how it makes sense.

somehow they ask where the money will come from to pour into Bitcoin like they don't know. or he just forgets that the limited supply of BTC and halving is also coming making the rally far from being over.