JPMorgan Claims Bitcoin Safer Than Gold | Price Target Set at $266,000

A bold statement from JPMorgan has sparked a firestorm in the financial community. The bank recently labeled Bitcoin as a safer investment than gold, projecting a price of $266,000, raising eyebrows about its motives and the future of cryptocurrency.

Inconsistent Background of the Claim

JPMorgan has a history of conflicting opinions on cryptocurrencies. Once dismissing Bitcoin as a "Ponzi scheme," the bank now champions its legitimacy. Critics are quick to question the credibility of this sudden change, with comments on forums highlighting their inconsistent views. One forum post remarked on "the most trustworthy spineless institution."

New Public Perspectives

Recent commentary on forums reflects rising skepticism about JPMorgan's claims:

• **"Gotta pump up the pigs for the next slaughter.\