JPMorgan has reported that Bitcoin’s historically low volatility is driving increased institutional interest in the cryptocurrency. The bank’s report notes a significant decrease in Bitcoin’s six-month rolling volatility, falling from nearly 60% at the start of the year to approximately 30%, a record low. This reduced volatility now places Bitcoin only twice as volatile as gold. JPMorgan believes this trend makes Bitcoin even more attractive for institutional investment portfolios. To match gold’s $5 trillion private investment scale, Bitcoin’s market value needs to increase by around 13%, reaching an estimated price of roughly $126,000 after accounting for volatility, according to their model. The report suggests that currently, Bitcoin is undervalued relative to gold by approximately $16,000, indicating potential for future growth.