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Cryptocurrencies

“JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold”

“In a note published Monday, JPMorgan made a bold long-term price target for bitcoin, claiming the red-hot cryptocurrency could rally as high as $146,000 as it competes with gold as an “alternative” currency. But, there’s a catch…”

https://www.cnbc.com/2021/01/05/jpmorgan-bitcoin-price-could-rise-to-146k-as-it-competes-with-gold.html

Just remember that in reality cryptocurrency has no real world value. No electricity means no bitcoin. It can’t compete with gold in that sense. If society collapses it’s worth nothing. I say this as a person that is invested in cryptocurrency. It has it’s uses but a replacement it is not.

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