The world’s largest bank, JPMorgan, recalculated the ‘fair value’ of Bitcoin and shared the result. The bank announced that the fair value of Bitcoin is $38,000. This value was announced as 35 thousand dollars in November.
Bitcoin, which has been revalued in recent days and exceeded 44 thousand dollars after a big decline, continues to be the focus of attention of giant names. Today, banking giant JPMorgan made a new statement about Bitcoin, the father of the cryptocurrency market. The bank has raised the ‘fair value’ it previously declared for Bitcoin.
Last November, JPMorgan announced its expectations regarding Bitcoin, stating that the fair value of Bitcoin is $35,000. The company said in a statement today that the fair value of Bitcoin They calculated that it was around 38 thousand dollars. announced. Thus, in the eyes of JPMorgan, Bitcoin fair value increased by 8.57% it happened.
JPMorgan mentioned $100,000 in 2022 targets
For Bitcoin, which has a value of around $ 43,700 today, JPMorgan also included some targets in its statement in November. In the report published by JPMorgan, for Bitcoin 73 thousand dollars price target is seen as a suitable target, and in 2022 can reach $100,000 had been expressed.
RELATED NEWS
Strict Regulation Coming to Cryptocurrency Transactions in Russia: First Information Received
The ‘fair value’ of a product, service or asset is a value calculated in accounting taking into account all the factors that may play a role in determining value. When calculating fair value, costs such as production or replacement, market conditions, supply and demand issues, etc. objective factors are taken into account.