JPMorgan: Bitcoin price expected to rise to $126,000 by the end of the year
According to Jinse Finance, JPMorgan analysts stated that the current price of bitcoin is "too low" compared to gold, as its volatility has dropped to a historic low; bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, setting a new record low. The analysts indicated that the fair value of bitcoin is around $126,000, and they expect this target to be reached by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Retail investors return to AI! Citadel Securities: net buying of US stocks reached $9.1 billions last week, third highest chip stock purchases in a year
Retail investors, who once hesitated, are now returning to their favorite bet: artificial intelligence (AI).
HII wins $56 million US Navy contract for AUKUS submarine design support
Chinese Yuan: Outlook stays mildly positive against US Dollar – UOB
Crypto prices
More
