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JPMorgan says BTC’s 'fair price' is $35K... but it still expects crypto to 'outperform'
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cointelegraph.comAmerican multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for.
In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “should continue to outperform into 2022.”
They also asserted that Bitcoin’s “fair value” is around $35,000 based on the firm’s price model, which roughly 45% lower than its current trading price of $63,281. Nevertheless a price target of $73,000 seems reasonable should the relative volatility continue into next year, the strategists added, but not the sky high targets many expect.
They did suggest that the current entry point “looks
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