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    Author Topic: JP Morgan says BTC price could drop after 2024 halving  (Read 769 times)
    Zlantann
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    March 13, 2024, 08:14:22 AM
     #41

    What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you. Smiley

    I don't trust the predictions of some of these presumed crypto analysts. The process of conducting such research might be faulty and researchers might be biased which might affect the outcome of the findings. Also, JP Morgan has made severe predictions that were highly erroneous. On November 05, 2015, J.P. Morgan Chase CEO Jamie Dimon declared Bitcoin dead at the Fortune Global Forum in San Fransisco. Nobody will expect me to believe this prediction because Bitcoin has become unpredictable. This halving and Spot Bitcoin ETF has changed the Bitcoin cycle to a large extent. What I know is that Bitcoin price is controlled by the force of demand and supply. If the supply is low and demand is high the price will rise and vice versa. There might be a correction caused by profit taking but the price will still rise and my prediction is $100k. I see such news as FUDs, maybe Morgan Chase wants to buy some cheap Bitcoins but they don't such power to influence the market. 

    https://cointelegraph.com/news/jp-morgan-chase-ceo-jamie-dimon-bitcoin-is-going-to-be-stopped

    R


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