JPMorgan estimates ‘fair value’ of Bitcoin at $38K -Breaking
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© Reuters The middle (BTC) posting a significant price recovery since early February, JPMorgan (NYSE:) 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 note PubliziertOn 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.
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