JPMorgan: Bitcoin Undervalued, Reaching New All-Time Low

A recent report from JPMorgan paints an intriguing picture of Bitcoin’s current state. The analysts found that Bitcoin’s volatility has hit a historic low of 30%, suggesting it might be undervalued compared to gold. Corporate treasuries are a key factor in this trend, holding over 6% of the total Bitcoin supply. The report suggests that Bitcoin should be priced at around $126K based on its current volatility and historical trends.