JPMorgan determines the fair price of bitcoin

Get real time updates directly on you device, subscribe now.

The fair price of bitcoin is at $38,000, and cryptocurrencies have overtaken real estate as one of the preferred “alternative assets”. Writes about it business insider with reference to the analysts of the financial holding JPMorgan.

At the time of writing, digital gold is trading near $29,600. The fair price named by experts is 28% higher than the actual one.

“Last month’s cryptocurrency market correction is more like a capitulation compared to the situation in January/February 2021. Going forward, we see upside potential for bitcoin and the cryptocurrency market as a whole,” JPMorgan said in a note to clients.

Holding analysts, including Nikolaos Panigirtzoglou, noted that during the correction, the digital asset market suffered more than other “alternative investments” like real estate. In their opinion, this indicates the possibility of growth.

In February 2022, Panigirtzoglou already stated that the fair price of bitcoin is around $38,000. Then digital gold was trading near $43,400.

In April, JPMorgan CEO Jamie Dimon recognized the value of blockchain technology and DeFi applications.

Stay in touch! Subscribe to World Stock Market at Telegram.

Source: Cryptocurrency

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

www xxx xxx video tube freeproncom filmsex hindi xxxvdo xxx hd
buy kamagra buy kamagra online $255 payday loans online same day no denial payday loans direct lenders only