JPMorgan’s Analysis: Bitcoin Undervalued in 2025

In its latest analysis, JPMorgan highlights Bitcoin’s potential as an undervalued asset compared to gold. The bank attributes this shift to the normalization of volatility, with bitcoin experiencing a significant decline from the highs of early 2025, reaching a record low at around 30% volatility. This relative undervaluation is underscored when comparing BTC on a volatility-adjusted basis to its historical performance.