JPMorgan Forecasts Massive Growth for Bitcoin as a Safe-Haven Asset

A major financial institution, JPMorgan, has issued a compelling report predicting substantial upside potential for the cryptocurrency market. Their analysis posits that Bitcoin is currently undervalued when compared to traditional safe-haven assets like gold. The bank’s research suggests this undervaluation is driven by Bitcoin’s reduced volatility. 6 months of rolling volatility have plummeted from an average of 60% in January to a record low of around 30%. This decrease in price fluctuations signals a maturing asset, drawing more institutional investors who typically shy away from extreme price swings.