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Home»Bitcoin»JPMorgan Claims The Fair Value of Bitcoin (BTC) Is $35,000
Bitcoin

JPMorgan Claims The Fair Value of Bitcoin (BTC) Is $35,000

cryptossorBy cryptossorNovember 6, 2021No Comments1 Min Read
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According to Bloomberg’s report, banking giant JPMorgan said that the fair value of Bitcoin is $ 35,000. This figure is 44% lower than the current $63,000 price.

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The bank’s estimate is based on the volatility of crypto and its comparison with gold.

Bitcoin currently has 4 times more volatility than gold.

JPMorgan claimed that higher prices are unattractive, despite the possibility of further upside.

Billionaire Peter Thiel emphasized that Bitcoin could experience an extreme rise above $ 60,000, and this increase could be a sign of out-of-control inflation.

Despite these rhetoric, JPMorgan believes that the asset could exceed $100,000 in 2022 if there is no major decline.

Last month, JPMorgan CEO Jamie Dimon angered the crypto community by saying that Bitcoin was “worthless”.

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