JP Morgan bank says Bitcoin is undervalued
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.
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.
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