Bitcoin is replacing gold and could hit $146k - JPMorgan
It's nice to have you onboard JPMorgan!
One of the largest and most influential banks out there is changing its tune on bitcoin, sort of.
In an investment report out to clients they said that bitcoin is replacing gold as the preferred store of value.
This points to a price of roughly $146k per coin in the medium term.
Sounds great right?!
Well not so fast...
They also said in the short term their models pointed to a fair market value of just under $40k per coin.
So, they had some positives and negatives to say...
(Source: https://twitter.com/SPORTSCIRCUSINT/status/1455884110786809859/photo/1)
Oh really can it be stored like gold as the gold can be kept in the home for many generation to generation
So can bitcoin...