Jamie Dimon's JPMorgan says bitcoin's slide has created 'significant upside' for crypto investors

Jamie Dimon's JPMorgan says bitcoin's slide has created 'significant upside' for crypto investors

The bank estimated that bitcoin, which was trading just above $29,600 on Thursday afternoon, was undervalued by 28%.

Crypto Moves — Bitcoin, Ether down; JPMorgan sees significant upside to bitcoin’s price

Author: Thu, 2022-05-26 16:37 RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Thursday, falling by 1.40 percent to $29,000 as of 3:23 p.m. Riyadh time.  Ether, the second most traded cryptocurrency, was priced at $1,819 down by 6.44 percent, according to data from CoinDesk. JPMorgan sees upside  The global investment bank JPMorgan sees significant upside to the price of bitcoin. The global investment bank’s pric…

JPMorgan believes Bitcoin is undervalued at current price levels and sees a significant upside | Invezz

Since January, the crypto market’s value has decreased by nearly $1 trillion. The major digital assets on the market, Bitcoin (BTC) and Ethereum (ETH), have plummeted by 38% and 48% year-to-date, respectively. And the collapse of the stablecoin TerraUSD (UST) this month has only contributed to the sector’s bearish atmosphere, prompting many to wonder whether […]