JPMorgan Sees Bitcoin’s Potential with $170K Fair Value, Based on Gold Price Volatility

Analysts at JPMorgan have identified an intriguing market dynamic where Bitcoin’s price might be undervalued compared to gold. While the precious metal has experienced volatility during its recent price surge, Bitcoin’s volatility ratio suggests a favorable positioning for investors. 1.8 times more risk capital is being consumed by Bitcoin versus gold when considering their respective price fluctuations. This means that according to the report from JPMorgan, if bitcoin’s market cap were adjusted for this volatile relationship, the theoretical value would increase close to $170,000.