JPMorgan Sees Bitcoin Undervalued Compared to Gold

JPMorgan analysts have argued that Bitcoin is currently undervalued when compared to gold, citing its reduced volatility and growing institutional adoption as key drivers of this assessment. Recent data indicates a significant drop in Bitcoin’s volatility, with its six-month rolling volatility now hovering around 30%, the lowest level ever recorded, making it just twice as volatile as gold. This marked narrowing of the volatility differential is indicative of a new stability in Bitcoin markets.