JP Morgan went from "Bitcoin is going to zero" in the 2018 bear market to "Bitcoin is trading below its value" in the 2022 bear market.
In a recent note to clients, JP Morgan told its clients that Bitcoin's real value right now would be 38k and its undervalued right now. And even made Crypto to their preferred alternative asset currently. That comes just four years after JP Morgan told investors in 2018 that Bitcoin is going to zero and that they should not buy more. Just another example for the real metric over short term price action. Banks and highly anti-crypto companies changing their opinion about it completly from its "worthless" to "we are buying the dip". Even in bear markets they are still standing in crypto, Crypto is not just a shortterm profit maker for them they believe in it for real. I mean if even once anti-crypto people highly believe in Crypto during a bear market even after the current UST crash then Crypto is definitely not going anywhere, we are taking more and more people on our side. That's the real mass adoption.
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I love the smell of shitcoins burning in the morning
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NEW - U.S. senator Ted Cruz: Millions worldwide are turning to #bitcoin as a hedge against inflation ✊
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Scott Minard called Bitcoin at $600,000 last year, and then revised to $8,000 this week. Here’s all the times he has been incorrect
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Ethereum could ‘take over everything’, and there won't be a multi-chain future, says EY's blockchain leader
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Gift or transfer crypto via #Binance Gift Card to put yourself in the running to win up to 100 $GMT! Tune-in to this livestream to learn more ⤵️
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US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch
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NEW - CEO of Brazilian real estate giant, Gafisa: #Bitcoin is the most backed currency in history 🙌
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#Binance Card is offering new users 5 #BUSD and the opportunity to win 1 #BTC! To enter: 🔸Apply for #Binance Card 🔸Complete KYC verification 🔸Make at least one transaction with your #Binance Card (Min. value of 5 EUR equivalent) Find out more ➡️ https://t.co/arZj6KZNdZ https://t.co/6X2l58wFA0
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I explained the lightning network within 3 minutes to Garry Kasparov. He wanted to read more. Probably nothing...
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Simple, looking at $28.8K and/or $29.3K for continuation upwards on #Bitcoin as we've been sweeping all the lows and touching that $28.2K zone. If those hold, $31K and possibly $32.8K next. https://t.co/8gxjcWPlWr
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