JPMorgan Predicts Bitcoin Price Surge to $126,000 by Year End

JPMorgan analysts believe Bitcoin’s current price is undervalued and predicts a substantial increase to around $126,000 by the end of the year. Led by analyst Nikolaos Panigirtzoglou, they highlight that Bitcoin’s volatility has decreased significantly, pushing its fair value higher, similar to gold’s risk-adjusted performance. 60% in January, it is now at a historic low of 30%. The report cites this decline as driving Bitcoin’s risk-adjusted performance closer to gold.