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JPMorgan: Bitcoin undervalued compared to gold-BTC could drive BTC to $ 126,000.
Bitcoin: Untervalued compared to Gold JPmorgan recently found that Bitcoin is currently undervalued compared to gold. This assessment comes at a time when Bitcoin's volatility is at a record low. Analysts from the investment bank argue that the stability of the Bitcoin market in connection with the current price level of around $ 110,000 on it ...
JPMorgan: Bitcoin undervalued compared to gold-BTC could drive BTC to $ 126,000.
Bitcoin: undervalued compared to gold
JPMorgan recently found that Bitcoin is currently undervalued compared to gold. This assessment comes at a time when Bitcoin's volatility is at a record low. Analysts from the investment bank argue that the stability of the Bitcoin market in connection with the current price level of around $ 110,000 indicates that Bitcoin could strive for a price target of $ 126,000.
The sunken volatility could be an indicator of the increasing interest of institutional investors, which should have a positive effect on price development. An increase in Wall Street's investments into the Bitcoin market could give the digital asset additional buoyancy.
Overall, the analysis of JPmorgan shows that Bitcoin is not only regarded as a digital currency, but also as a serious investment alternative compared to traditional investments such as gold. Investors should carefully pursue developments on the Bitcoin market, especially in view of the possible price increases and the changing market conditions.