JPMorgan Expects Bitcoin Price to Drop to $42K After Halving

[sirty143]

JPMorgan Expects Bitcoin Price to Drop to $42K After Halving

JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.”... See more for yourself here.

Your opinion is greatly appreciated.

[Tribalchief]

Certainly, there is a possibility of a decline in price of Bitcoin before or after the halving, but why does JPMORGAN have to caution when he happens to be a holder also. Is he trying to stop investors from making further purchase or he is try to urge everyone to start selling?. The news of a decline in price shouldn't be a problem to those who are long term hodlers, because of the profits ahead.

After this coming halving, there would be a decline in solo mining, as more miners would join a mining pool to combine decent amount of hash power. Number of ASICs, Electricity costs, Maintenance costs and Cooling costs would be a challenging factors to be considered by miners has mining rewards would be reduced and very difficult to mine than the previous.

[Don Pedro Dinero]

It seems to me that JPMorgan is going to show off this time, just as it did in the past when it didn't like bitcoin. I expect the price to beat the ath this March and exceed expectations, not only because it suits me but also to see if they make fools of themselves again with their predictions. The bad thing is that these people, like Peter Schiff or Kramer, are billionaires and they are not going to stop being so because of their ridiculous predictions about bitcoin.