JPMorgan Says Bitcoin Is ‘Undervalued’—But By How Much?
JPMorgan's research indicates Bitcoin is "too cheap" compared to gold as its volatility reaches historic lows. Six-month Bitcoin volatility has decreased from nearly 60% to about 30%, making it only twice as volatile as gold, the narrowest gap recorded. The bank suggests Bitcoin's market value could rise by approximately 13%, equating to around $126,000 per coin, indicating it is undervalued by about $16,000 based on gold's private investment market. Analysts attribute the volatility drop to a more stable holder base, including corporate treasuries that now hold over 6% of circulating supply. Industry commentators predict Bitcoin could reach parity with gold by the early 2030s, with potential prices exceeding $2.5 million per coin if growth trends continue. As of now, Bitcoin trades at $111,061.
