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So, JPMorgan's back at it again, huh? Slapping a $240,000 price target on Bitcoin. Give me a break. Last month it was $126,000, then a nosedive to $82,000, and now we're supposed to believe *this*? According to JPMorgan reveals new Bitcoin target amid market pullback, this new target comes despite recent market volatility.
"Tradable Macro Asset"? More Like a Macro-Sized Scam.
The Macroeconomic Mirage
They're peddling this line that crypto is now a "tradable macro asset class." Translation: institutional investors are in it now, so it's totally legit and not just a bunch of digital tulips.
Right.
"Retail participation has since declined," they say. As if regular folks wised up and pulled their money out of the casino. But institutions are here to "stabilize flows"? That's rich. These are the same institutions that caused the 2008 meltdown, but now they're the responsible adults in the room? I ain't buying it.
And this whole "halving cycle" thing being less important now? Sure, maybe. But hasn't history proven that a reduction in supply *usually* drives prices up? Are we just supposed to ignore basic economics now because JPMorgan says so?
Options Expiry: The House Always Wins, Right?
Options Expiry: A Rigged Game?
Then there's this options expiry mess. Billions of dollars in Bitcoin and Ethereum options expiring, market makers hedging their positions, the price supposedly gravitating toward the "max pain" zone... It all sounds like a giant, opaque game where the house always wins.
Deribit analysts are talking about "bullish EoY Dec 100-106-112-118k Call Condor." What the hell does that even mean? It sounds like something out of a bad sci-fi movie. Oh, wait, it is.
Traders betting on a "Santa rally" in December? After a 35% plunge? Are they smoking something? Or are they just trying to pump up the price so they can dump their bags on some unsuspecting newbies?
Speaking of dumping, these Bitcoin ETFs saw billions in outflows last month. BlackRock's iShares Bitcoin Trust got hammered. But Wall Street analysts are still bullish on Bitcoin miners? It doesn't add up.
Oh, and these miners are pivoting to AI and data centers because there's a "major power supply shortage." So, now Bitcoin is going to solve the energy crisis? Seriously?
And offcourse, someone is always trying to sell us on the next big thing, the next crypto ETF, the next get-rich-quick scheme.
Crypto "Adoption": Believing the Hype or Just Being Burned?
The Illusion of Adoption
Two out of three Americans are "familiar with crypto" now, we're told. Big deal. Being familiar with something doesn't mean you trust it or use it. I'm familiar with nuclear weapons, but I don't want one in my backyard.
28% of Americans own cryptocurrency? Maybe. But how much of that is just a tiny fraction of their overall portfolio? And how many of those people are underwater on their investments?
They say ownership rates are "likely to accelerate this year." Based on what? Wishful thinking?
And what's with this gender gap? 67% of crypto owners are men? Is this just another boys' club for tech bros and wannabe libertarians?
Wait a minute... isn't this the same JPMorgan that unveiled a Bitcoin-linked structured note? So, they're hyping up Bitcoin while simultaneously selling products that profit from its volatility. Classic.
Then again, maybe I'm just being cynical. Maybe Bitcoin really *is* going to $240,000. Maybe institutions really *are* going to stabilize the market. Maybe pigs will fly.
But let's be real, folks. This whole thing still feels like a house of cards built on hype and speculation. And when the music stops, a lot of people are going to get burned.
Is This Just a Giant Pump-and-Dump?
Avaxsignals Published on2025-11-28 20:29:06 Views4 Comments0