JPMorgan: The current Bitcoin price is too low, expected to rise to $126,000 by the end of the year
ChainCatcher news, JPMorgan analysts state that the current price of Bitcoin is "too low" compared to gold, as its volatility has fallen to historic lows; Bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, marking a historic low; therefore, the fair value of Bitcoin is approximately $126,000, and this target is expected to be achieved by the end of the year.
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