JPMorgan says bitcoin fairly priced at $38K — 14 percent below current level

  • JPMorgan says bitcoin fairly priced at $38K — 14 percent below current level

    Posted by Sumpter on February 9, 2022 at 1:13 pm

    Feb 9, 2022

    The analysts said the fair market value for bitcoin would rise as its pricing volatility declines and the digital currency is more widely adopted. For example, if bitcoin’s volatility was three times that of gold rather than four, a fair price would be $50,000.

    JPMorgan still expects bitcoin to become more valuable over time, with a long-term theoretical target set at $150,000.

    Analysts have attributed the crypto downturn to various factors, including fears of increased regulation in key international markets, geopolitical tensions in various regions and concerns about the Federal Reserve’s plan to tighten monetary policy.

    Last month, Goldman Sachs analysts suggested bitcoin could hit $100,000 within a few years if more investors adopt the digital currency as a so-called “store of value,” or an asset maintains its value with minimal depreciation over time.

    https://nypost.com/2022/02/09/jpmorgan-says-bitcoin-fairly-priced-at-38k

    Sumpter replied 9 months, 4 weeks ago 2 Members · 2 Replies
  • 2 Replies
  • Naked1969

    Member
    February 9, 2022 at 5:44 pm

    I think it’s going to drop and not make a come back!!!!

    • Sumpter

      Member
      February 9, 2022 at 6:34 pm

      Yes there is always that possibility.