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JPMorgan says BTC’s 'fair price' is $35K... but it still expects crypto to 'outperform'
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American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for.
In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “should continue to outperform into 2022.”
They also asserted that Bitcoin’s “fair value” is around $35,000 based on the firm’s price model, which roughly 45% lower than its current trading
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