US investment bank JPMorgan estimates that the “fair value” of bitcoin (BTC) is around USD 38,000, basing its valuation on the crypto’s volatility in comparison with gold.
The estimate, developed by a team of strategists led by Nikolaos Panigirtzoglou, was published yesterday in a note, per which bitcoin’s fair value was about 12% below the coin’s price at the time of the valuation. …
Read More: Bitcoin’s Current Fair Price Is Around USD 38,000 – JPMorgan
