It seems that everyone knows the real price of something. There are a lot of analysts, including those at JPMorgan, who are still discussing the fair value of bitcoin.
After long calculations, experts at US financial holding JPMorgan, have finally determined the real value of bitcoin. They suppose that the first cryptocurrency should cost just $35,000. Bankers and financiers compare BTC and gold in terms of investments. Extremely high volatility of the digital asset is the only difference. The bank’s researchers also emphasize that if bitcoin’s volatility continues to drop, “a price of $73,000 in 2022 is plausible.” “This challenges the idea that a price target of $100K or above, which appears to be the current consensus for 2022, is a sustainable bitcoin target in the absence of a significant decline in bitcoin volatility,” representatives of JPMorgan think.
Several weeks ago, the most popular cryptocurrency reached a new record high, jumping to $65,000. Later, it slid a bit and fixed at the level of $61,000. Experts at other organizations also believe that bitcoin may succeed. “Most of the folks at CoinList are willing to bet that bitcoin will rise to $ 100,000 by the end of the year,” Graham Jenkin, CEO of the cryptocurrency platform CoinList, said. Aaron Chomsky, head of the investment department of ICB Fund, also expects the bitcoin price to soar to $100,000 by the end of 2021. He supposes that the rising inflationary pressure will boost interest in the crypto asset.