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Benzinga

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Murtuza J Merchant

Bitcoin Undervalued Compared To Gold, Fair Value At $126,000: JPMorgan

Bitcoin JPMorgan Gold

Bitcoin,On,A,Stack,Of,Coins,With,Jpmorgan,Logo,On

JPMorgan (NYSE:JPM) analysts believe Bitcoin (CRYPTO: BTC) is trading below its fair value as its price volatility falls to historic lows, narrowing the asset's risk-adjusted gap with gold.

Volatility in Bitcoin has slid from nearly 60% earlier this year to roughly 30%, the lowest level on record.

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