Today news
About the same in other media
JPMorgan says BTC’s 'fair price' is $35K... but it still expects crypto to 'outperform'
Reading now: 201
cointelegraph.comAmerican multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for.
In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “should continue to outperform into 2022.”
They also asserted that Bitcoin’s “fair value” is around $35,000 based on the firm’s price model, which roughly 45% lower than its current trading price of $63,281. Nevertheless a price target of $73,000 seems reasonable should the relative volatility continue into next year, the strategists added, but not the sky high targets many expect.
They did suggest that the current entry point “looks
Read more on cointelegraph.comAbout this in other media
Price arbitrage a new worry as several crypto platforms crop up economictimes.indiatimes.com /3 years ago
RBI Governor bats for crypto ban, says it could cause serious financial instability economictimes.indiatimes.com /3 years ago
Unique 3D NFT Drop Generated by AI is Expected on Metadrop Metaverse cryptonews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
