JPMorgan has stated that despite its recent dip, bitcoin is heavily undervalued. The company believes the asset will likely rise by 28 percent in the coming weeks or months, and executives are…
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
JPMorgan thinks bitcoin is below its ‘fair price’ and now features among the bank’s preferred alternative investments. Banking giant JPMorgan said in a note Wednesday that bitcoin and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
JPMorgan, one of the largest US banks, predicts that Bitcoin could rise to as much as $170,000 in the next six to 12 months despite the current bear market. The bank’s strategists based this estimate on a volatility-adjusted valuation model that compares the cryptocurrency to gold. “Our volatility-adjusted Bitcoin-gold comparison…