JP Morgan bank says Bitcoin is undervalued

posted 4 months ago
JPMorgan has said bitcoin's fair price is 28% higher than its current level, implying "significant upside from here" after a dramatic sell-off in cryptocurrencies.

The bank said in a note on Wednesday that cryptos had overtaken real estate as one of its preferred "alternative assets" — assets that don't fall into typical categories, such as stocks and bonds.
Tags: opinion, bitcoin