JPMorgan Claims Bitcoin (BTC) Price Is "Way Below" Its Fair Value, Shares Its Own Price Prediction!

Leading cryptocurrency Bitcoin has been struggling with recent sharp and sudden ￰0￱ some are wondering when BTC, which has been hit by these sharp declines in a short period of time, will rebound, banking giant JPMorgan has made a significant ￰1￱ has predicted that the price of Bitcoin (BTC) could reach around $170,000 within the next 6 to 12 months, The Block ￰2￱ analysts led by Nikolaos Panigirtzoglou argued that Bitcoin could rise to around $170,000 within the next 6 to 12 months as leverage ratios are reduced and its relative volatility against gold ￰3￱ analyst said that Bitcoin’s sharp drop of over 20 percent on October 11 was due to the consequences of heavy deleveraging in futures and the $128 million Balancer ￰4￱ this point, analysts noted that the deleveraging phase in futures trading, following the consecutive sell-offs in Bitcoin, is now largely ￰5￱ analysts also noted that the recent increase in gold volatility has made Bitcoin more attractive to investors on a risk-adjusted ￰6￱ stated that the return of the leverage ratio to normal levels and the increase in volatility in gold have a positive impact on Bitcoin, and that the BTC price now appears to be undervalued compared to gold on a volatility-adjusted ￰7￱ Bitcoin to reach gold's private investment value, its price would need to rise by nearly two-thirds to $170,000, according to JPMorgan ￰8￱ this point, Panigirtzoglou noted that Bitcoin has significant upside potential relative to gold on a volatility-adjusted basis over the next 6-12 months.

“The Bitcoin-to-gold volatility ratio has fallen below 2.0, meaning Bitcoin is now consuming approximately 1.8 times more risk capital than ￰9￱ means that Bitcoin's current market value of approximately $2.1 trillion would need to increase by approximately 67% to cover the approximately $6.2 trillion in total private sector investment in ￰10￱ current Bitcoin price remains approximately $68,000 below its volatility-adjusted fair value relative to ￰11￱ means that theoretically the price of Bitcoin should be around $170,000.” *This is not investment ￰12￱ Reading: JPMorgan Claims Bitcoin (BTC) Price Is "Way Below" Its Fair Value, Shares Its Own Price Prediction!