JPMorgan Says Bitcoin Looks Cheap Next To Gold, Sees Path To $170,000

Bitcoin enters the weekend with cautious optimism as ETF flows resume

One analyst said the “weekend will be a real nail-biter,” while JPMorgan analysts remain confident in bitcoin’s longer-term outlook and predict a rise “close to $170K.”

JPMorgan Says Bitcoin Looks Cheap Next To Gold, Sees Path To $170,000

JPMorgan thinks Bitcoin looks cheap next to gold, and the reason is simpler than it sounds. When you adjust for risk, the bank says Bitcoin’s price lags where it would be if investors valued it like they value investment-grade gold. Their math uses a basic comparison: Bitcoin has been about 1.8 times as volatile as […]

Bitcoin Undervalued Compared to Gold, JPMorgan Flags $170K Fair Value

Analysts at JPMorgan have suggested that bitcoin may be oversold after recent price declines pushed it below $100K. They indicated there is a possibility of higher prices in the coming months.Digital assets meet tradfi in London at the fmls25After reaching $126K a few weeks ago, Bitcoin has undergone a prolonged correction. Buyers appear to be waiting for a bullish reversal signal near $100K before entering, which could push prices higher.Bitcoi…

JPMorgan Claims Bitcoin Now Looks "Cheaper Than Gold" After Deleveraging

Global financial giant JPMorgan published an analysis on November 6 claiming that Bitcoin now has "significant upside" and looks mechanically cheaper than gold on a volatility-adjusted basis.

JPMorgan Analysts Say Bitcoin Is Cheap Compared to Gold, Estimate $170K Fair Value

A team of analysts led by JPMorgan strategist Nikolaos Panigirtzoglou said bitcoin is currently oversold relative to gold. Panigirtzoglou estimated bitcoin would need to rise above $170K to reach gold’s private-investor level of investment. JPMorgan Analysts: Bitcoin Oversold Compared to Gold, Fair Value Close to $170K The Facts Analysts from JPMorgan have estimated that bitcoin, […]

JPMorgan’s Analyst Says Bitcoin Needs to Hit $170k to Match Gold’s Private Investment Value - Invest In Crypto News

JPMorgan has predicted a parabolic rally for Bitcoin (BTC) in the next 6-12 months. According to Nikolaos Panigirtzoglou, a strategist at JPMorgan, the Bitcoin price would need to rally towards $170,000 to match Gold’s private investment value. Since hitting $4,377 per ounce, the gold price has dropped around 10% and formed a potential reversal pattern. On the other hand, Panigirtzoglou believes that the 20% BTC price drop from its all-time high…