Bitcoin News

Story: Positive Rhetoric about Bitcoin Does Not Unfold As Such In The Main Street – Peter Schiff

By Dan Saada

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JP Morgan agrees that Bitcoin has value after the recent rally that has got everyone by surprise. The value of Bitcoin crossed $8,200.

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The recent price rally was noted by JP Morgan, which was previously one of the dominant critics of the Bitcoin.

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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…

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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,…

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The note from JP Morgan about Bitcoin is seen as a major victory for the cryptocurrency industry.

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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.

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Several reports from JP Morgan have been laughed off as being ridiculous.  Several others feel that this is very dangerous for the market.

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The current data shows that Bitcoin has changed radically. 

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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.

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A twitter participant responded to Peter by stating that if you do not like Bitcoin now that is fine; however, you will like it.

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