RT @jeffjohnroberts: More on that seminal JP Morgan bitcoin note:
-- Demographic trends favor BTC over gold
-- JPM says Bitcoin may be overbought in the near term
-- If JPM is right on long term, prediction of 2-3x price increase feels low
3x is believable and is an attractive return to a crypto skeptic; if you flat out say “we’re gonna be tearing up the moon with the boys in space-lambos by 2030” you’re not going to get the institutional investment community to be onboard with you.
I think it's a case of the mainstream institutions waking up because of corona. Remember, so much has happened this year and that's before you take into account the macro situation we are currently in of end of credit cycle.