Financial giant JP Morgan has declared that Bitcoin is undervalued by around $16,000 compared to gold. Their latest analysis suggests the cryptocurrency’s fair value should be $126,000, based on low volatility and increasing institutional investment. 📈 This research comes from JP Morgan’s Cross-Asset Research Team, led by Nikolaos Panigirtzoglou. 📊 Their report indicates that Bitcoin’s current market conditions favor its potential as a digital asset, influencing corporate investment strategies. Corporate treasuries and the growing inflow of Exchange Traded Funds (ETFs) are key drivers for Bitcoin’s stability and standing in the market. The analysis emphasizes how institutional players heavily impact market dynamics. 🏛️ Nikolaos Panigirtzoglou predicts that the crypto could reach its estimated fair value by year-end. 🚀