The Currency Analytics
By Dan Saada
JP Morgan agrees that Bitcoin has value after the recent rally that has got everyone by surprise. The value of Bitcoin crossed $8,200.
The recent price rally was noted by JP Morgan, which was previously one of the dominant critics of the Bitcoin.
Nikolaos Panigirtzoglou stated that Bitcoin has surged beyond its intrinsic value. The inherent value of the cryptocurrency has been decided by treating cryptocurrency as a…
It is getting difficult to provide intrinsic or fair value for the cryptocurrency. Researchers are of the opinion that it does not have any fundamental value; however,…
The note from JP Morgan about Bitcoin is seen as a major victory for the cryptocurrency industry.
Antony Pompalino opines that one should never listen to what the bank says by tweeting, “JP Morgan is now putting out reports about “Bitcoin’s intrinsic value.
Several reports from JP Morgan have been laughed off as being ridiculous. Several others feel that this is very dangerous for the market.
The current data shows that Bitcoin has changed radically.
Peter Schiff stated, The CBS Bitcoin puff piece on 60 Minutes last night has so far produced no upward move in the price of Bitcoin.
A twitter participant responded to Peter by stating that if you do not like Bitcoin now that is fine; however, you will like it.