JPMorgan Says Bitcoin Is Undervalued: Could It Hit $126,000?

Bitcoin is currently undervalued according to JPMorgan. In a note signed by analyst Nikolaos Panigirtzoglou, the American bank estimates that BTC should reach 126,000 dollars by the end of the year, given its historically low volatility. As its risk-return profile approaches that of gold, bitcoin may be entering the most critical phase of its institutional adoption. This is a projection full of meaning for major capital allocators.

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