JPMorgan: The current bitcoin price is too low, expected to rise to $126,000 by the end of the year
ChainCatcher reported that JPMorgan analysts stated that the current price of bitcoin is "too low" compared to gold, as its volatility has dropped to a historic low; bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, reaching a record low; therefore, the fair value of bitcoin is around $126,000, and it is expected that this target will be achieved by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Poland’s lower house fails to overturn President’s veto of the strict Crypto Asset Market Act
Bank of America: The market may soon start betting on a Fed rate cut in January
Trending news
MoreCrypto prices
More
