JPMorgan estimates ‘fair value’ of Bitcoin at $38K

) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday.

The current fair-value level for BTC is around $38,000, JPMorgan strategists said in the bank’s latest investor noteon Tuesday. Led by JPMorgan crypto market analyst Nikolaos Panigirtzoglou, the strategists estimated the “fair value” based on Bitcoin being nearly four times as volatile as gold. The “fair value” of Bitcoin would rise to $50,000 in a scenario where the volatility level narrows to three times, the strategists suggested, adding:

“The biggest challenge for Bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption.” At the time of writing, BTC traded around $43,000, or 12% up from the “fair value” suggested by JPMorgan. Bitcoin previously was inching close to $45,000, reaching around $44,900 on Tuesday, according toWhile being bearish on Bitcoin’s current “fair value,” JPMorgan’s strategists still forecast that BTC would surge far above $100,000 one day.

fair value is actual value, no? what is fair value of gold then?

'THE VIEW FROM MY FUTURE APARTMENT! XRDOGE'

Yeah cause JPMORGAN has had their finger on the pulse of the bitcoin market. Their analysis is worthless

Aquagoat is an ecological crypto project that helps protect the oceans find out here 👉 AquaBsc aquagoat crypto blockchain Bitcoin Binance

20k-19,5k

$XRP TO 1 $ TODAY

Moon Vault, an exciting new Multichain Yield Aggregator. 📓Brewlabs Audit & Rugdoc KYC 🎯Intuitive UI and transparency in community 💰Vaults with only 4,5% profit fee ⛓Chains: BSC, Polygon, Fantom, Harmony, Cronos 🔐Vault examples: BANANA (APY 263.08 % 📱Telegram: Moon_Vault

Key word is ‘estimate’. Truth is nobody actually knows and it’s impossible to work out

bitcoin get hacked. 😂 not save

bitcoin get hacked. 😂 not save

FIRST EXCHANGE LISTING IMMINENT! 💓 New great leader ShibaMinato MinatoDao 👉Minato_Kanji 👈 Minato MinatoMindset MinatoArmy TheMinatoWorld MinatoMetaverse MinatoEcosystem MinatoWay MinatoWays MinatoSpirit MinatoLifestyle MinatoYouAreNotAlone SHIBARMYYOUTHMOVEMENT

is this a paid bearish publicity?

If this is the case well done to those that bought the dip or bought early btc

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan Predicts Bitcoin Could Hit $150,000.jpmorgan believes Bitcoin could potentially match private sector investment in gold
Source: Utoday_en - 🏆 295. / 63 Read more »

Tesla held $2B of Bitcoin as of late 2021, SEC filing revealsElectric-vehicle maker Tesla was holding about $2 billion worth of Bitcoin by the end of the 2021 after selling a portion of its BTC holdings in March.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Tesla Holding Bitcoin Worth $2 Billion — Sees Crypto as Both Investment and Liquid Alternative to Cash – Featured Bitcoin NewsElon Musk's electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. Thanks so much for this gift SHIBAlNUGlFTS Bitcoin is the great reset. You all should follow Thaunicornswag his tweets, tips and predictions have been really helpful in the space SHIB the best 🍾💥 Bonus tokens SHIBA SHIBAlNUGlFTS
Source: BTCTN - 🏆 531. / 51 Read more »

Crypto is like hydrogen, this JPMorgan strategist says, with valuations in both ahead of realityOur call of the day from a JPMorgan private banker has more than one bone to pick with bitcoin enthusiasts.
Source: MarketWatch - 🏆 3. / 97 Read more »

The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production – Mining Bitcoin NewsToday, bitcoin is still profitable to mine, in contrast to ten years ago, when the crypto asset’s value crashed below the cost of production. Hello Friend Download BitBull Application & Start Mining Free BTC, ETH, BNB, LTC, YFI and Use My Refer Code To Earn $30 Instantly ( BB0000 ) We don't just buy Bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 1BTC and more daily! No referral No withdrawal fees Interested persons only Kindly send a DM Get SHIB by joining SHIBA PROJECT Airdrop on SHIBAlNUGlFTS
Source: BTCTN - 🏆 531. / 51 Read more »

Justice Department Says It Seized $3.6 Billion Worth of Bitcoin Stolen in 2016 HackThe Justice Department says it seized $3.6 billion stolen in a 2016 cryptocurrency exchange hack, marking its largest-ever financial seizure Yall late Hello Friend Download BitBull Application & Start Mining Free BTC, ETH, BNB, LTC, YFI and Use My Refer Code To Earn $30 Instantly ( BB0000 ) Yes
Source: WSJ - 🏆 98. / 63 Read more »