US EditionBitcoin (BTC) Undervalued Versus Gold as Volatility Collapses, JPMorgan Says
JPMorgan's report notes Bitcoin's volatility has halved this year, making it undervalued by $16,000 compared to gold and highlighting increased corporate treasury purchases.
- On Thursday, Wall Street bank JPMorgan said Bitcoin is undervalued by around $16,000 versus gold as its six-month volatility dropped from nearly 60% to about 30%, the lowest on record.
- Institutional demand and spot Bitcoin exchange-traded funds have stabilized trading, with $81.4 million in BTC ETF inflows on August 28 and BlackRock's IBIT attracting $50.9 million.
- Bitcoin was recently trading at about $111,950, currently priced at $112,438 with a 0.1% rise, while JPMorgan analysts' models imply a 13% increase to $126,000 is needed.
- JPMorgan argued that institutional investors' allocations to bitcoin could match those of gold if volatilities converge, noting, `This points to some upside potential for bitcoin currently`.
- With a capped supply of 21 million coins, Bitcoin protocol's halvings reduce issuance, while passive capital and stock index inclusion drive steady long-term demand, JPMorgan said.
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JPMorgan Says Bitcoin Is ‘Undervalued’—But By How Much?
JPMorgan has thrown fresh fuel on the most durable comparison in digital assets, arguing in a new research note that Bitcoin now screens “too cheap” versus gold as its volatility collapses to historic lows. How Undervalued Is Bitcoin? The bank’s cross-asset team says six-month BTC volatility has fallen from nearly 60% at the start of... The post JPMorgan Says Bitcoin Is ‘Undervalued’—But By How Much? appeared first on Daily Truth Report • DailyT…
According to the US bank giant, Bitcoin is currently undervalued. The reason for this is the strongly reduced volatility. So high should the crypto central currency stand today. Source: BTC-ECHO BTC-ECHO
For the U.S. banking giant JPMorgan, the price of Bitcoin (BTC) is undervalued relative to the price of gold. In the U.S. bank JPMorgan estimates that the price of Bitcoin (BTC) is undervalued relative to the price of gold appeared first on TipsCrypto.com.
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