JPMorgan: The current bitcoin price is too low, expected to rise to $126,000 by the end of the year
ChainCatcher reported that JPMorgan analysts stated that the current price of bitcoin is "too low" compared to gold, as its volatility has dropped to a historic low; bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, reaching a record low; therefore, the fair value of bitcoin is around $126,000, and it is expected that this target will be achieved by the end of the year.
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