Is Bitcoin Undervalued? JPMorgan Predicts a $170,000 Price Target

JPMorgan Chase & Co., one of the world’s largest financial institutions, has released a report suggesting that the cryptocurrency market may be undervaluing Bitcoin. According to their top strategist Nikolaos Panigirtzoglou, Bitcoin currently presents a significant opportunity for growth. This analysis is particularly notable as it challenges established price benchmarks like gold and offers a fresh perspective on crypto valuations.