Bitcoin’s Current Fair Price Is Around USD 38,000 – JPMorgan

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. …
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