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Benzinga
Benzinga
Business
Samyuktha Sriram

JPMorgan Sees Bitcoin's Fair Value At $38,000; Crypto Now Preferred Over Real Estate

Analysts at JPMorgan Chase & Co have reportedly forecast potential upside for Bitcoin (CRYPTO: BTC) and other cryptocurrencies in the months to come.

What Happened: In a Wednesday research note to investors seen by Forbes, JPMorgan strategists, led by Nikolaos Panigirtzoglou, placed Bitcoin’s “fair value” at $38,000, 28% higher than its current market price.

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