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Bitcoin’s fair price is $38,000, and cryptocurrencies have outstripped real estate as one of the preferred “alternative assets.” This is reported by Business Insider citing analysts at financial
Bitcoin’s fair price is $38,000, and cryptocurrencies have outstripped real estate as one of the preferred “alternative assets.” This is reported by Business Insider citing analysts at financial conglomerate JPMorgan.
Digital gold is trading around $29,600 at the time of this writing. The fair price that experts have stated is 28% higher than the real price.
“The cryptocurrency market correction last month looks more like a capitulation compared to the situation in January/February 2021. Going forward, we see upside potential for bitcoin and the cryptocurrency market as a whole,” JPMorgan said in a note to clients.
Holding analysts, including Nikolaos Panigirtzoglou, noted that during the correction, the digital asset market suffered more than other “alternative investments” such as real estate. In their opinion, this indicates the possibility of growth.
In February 2022, Panigirtzoglou had already stated that the fair price of bitcoin was around $38,000, after which digital gold was trading around $43,400.
Recall that in April Jamie Dimon, president of JPMorgan, recognized the value of blockchain technology and DeFi applications.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
