While bitcoin has been recovering since early February, JPMorgan analysts reiterated that bitcoin’s “reasonable value” should be $38,000.
Repeating the same statements as the content of the coin bulletin team in the news on January 29, US investment bank JPMorgan said that the volatility of bitcoin’s nature will prevent more institutional companies from adopting the asset, and that its previous predictions for bitcoin. The $150,000 price seems unlikely. had said.
JPMorgan: Our $150K Bitcoin Prediction Doesn’t Look Likely In The Foreseeable Future
Related article: JPMorgan: Our $150K Bitcoin Prediction Doesn’t Look Likely In The Foreseeable Future
Also, in the news dated January 29, analysts said:
Our previous prediction that the volatility rate for bitcoin’s gold will drop by about half this year seems unrealistic. For bitcoin, which is currently four times more volatile than gold, our fair value would be a quarter of our previous estimate of $150,000, or $38,000.
he said.
Bloomberg’s 8 February JPMorgan analysts led by Nikolaos Panigirtzoglou have determined that the fair value of Bitcoin 50 thousand dollars He suggested it could go up. His long-term goal is that he thought last year. 146 from a thousand dollars 150 He said it was a thousand dollars.
analysts, In another report published in November last year, 63 the fair value of bitcoin, which is around one thousand dollars 35 He said they thought it was a thousand dollars.
According to data from CoinGecko, the price of bitcoin is roughly lower than the “fair” value considered by JPMorgan. 14.5% in excess 43,600 It trades around USD.