US-based banking giant JPMorgan came up with an interesting claim about Bitcoin. Claiming that the real value of the leading cryptocurrency is 35 thousand dollars, approximately 44% less than its current value, the bank bases this inference on comparing the volatility of BTC with the volatility of gold.
JPMorgan CEO Says Its Price Could Increase 10x For Bitcoin “No Intrinsic Value!” Commented!
On the other hand, JPMorgan, which does not hesitate to state that BTC can see above $ 100,000 in 2022, as long as its volatility does not see a great decrease, can sometimes contradict itself.
Indeed, last month, JPMorgan CEO Jamie Dimon described Bitcoin as “worthless”.
Moreover, the contradictions are not limited to this, while claiming that Bitcoin will see a 15% increase in 2022 and that it has the potential to rise further, JPMorgan, on the other hand, says that it is more rational to invest in real estate instead of crypto.
According to many experts, JPMorgan’s contradictory statements in this way are done in order to be able to say “we said it at the time” no matter what the possibility occurs.