Ironically people said that bitcoin has no intrinsic value.
What's more, I believe those same people were from JPM!
Oh well.
In this chart released from a JPM analyst, he says that the price of bitcoin has diverged from it's intrinsic value which is similar to what we saw in 2017.
Late 2017 in fact:
(Source:
)https://twitter.com/Schuldensuehner/status/1129484618447630336
- Schuldensuehner
If history is any indication, we could have a lot more to go.
In 2017, prices started to diverge in mid 2017 and exploded by the end of the year.
Hopefully we see the same thing here...
That would likely mean parabolic again in the next couple months.
Will you be ready?