Cryptocurrencies

JPMorgan Estimates Bitcoin’s ‘Fair Value’ at $38,000, 12% Below Current Price

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By Joanna Ossinger

February 9, 2022 at 3:41 AM UTC

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Bitcoin’s “fair value” is around 12% below the current price, based on its volatility in comparison with gold, according to JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou.