您现在的位置是:US Bank JPMorgan says the Bitcoin's actual valuation is around $35k >>正文
US Bank JPMorgan says the Bitcoin's actual valuation is around $35k
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛693人已围观
简介The asset management bank opinioned Bitcoin’s valuation will keep on rising but will not reach...
The asset management bank opinioned Bitcoin’s valuation will keep on rising but will not reach the heights that most expect
The leading cryptocurrency Bitcoin is currently doing numbers over $60,000 after setting a new high. However, in a recent report to investors, the giant investment banking firm JPMorgan detailed that based on its price model, the fair value of Bitcoin is around $35,000. The multinational bank further said the coin could realistically reach the $73,000 mark of valuation, should the volatility shown by the digital asset reduce by half into the new year.
JP Morgan further observed that Bitcoin may not reach the significantly high numbers most people are predicting. The analysts said:
“This challenges the idea that a price target of $100K or above, which appears to be the current consensus for 2022, is a sustainable Bitcoin target in the absence of a significant decline in Bitcoin volatility.”
The bank analysts who penned the report explained that they expect the crypto to continue performing well in 2022, maintaining the view that the asset is on a “multiyear structural ascent.” With a look into additional alternative assets, JPMorgan said that these assets (including private debt, digital currencies, and private equity) would record an 11% return in the coming year, a figure more than double the 5% yield expected from stocks.
The bank also said it sees better returns from crypto (15%) as compared to the 12.5% figure from real estate, but warned that the extreme volatility of the asset class is making it increasingly unappealing to investors. Early October, JPMorgan, via a note to clients said that even with the massive fluctuations Bitcoin has seen this year, investors are finding it a better hedge for inflation in comparison to gold.
Evidence from the industry, more so the numbers crypto exchanges are recording, shows that this is the case due to the increased interest from institutional investors. As the month went on, another revelation from a JPMorgan team led by Nikolaos Panigirtzoglou attributed the rise in value Bitcoin saw late last month to inflation concerns rather than the SEC’s approval of the first Bitcoin ETF in the US.
“Instead, we believe the perception of bitcoin as a better inflation hedge than gold is the main reason for the current upswing, triggering a shift away from gold ETFs into bitcoin funds since September.”
Opinions on Bitcoin haven’t been any scarce and early last month, the bank’s CEO Jamie Dimon acknowledged that Bitcoin could well scale in value up to ten times over in a matter of five years. However, a crypto skeptic, the executive has maintained that he still wouldn't invest in it but would let the bank offer it to interested clients. The impact of what the CEO of a banking and asset management firm as huge as JPMorgan says could not be understated, but the bank has separately taken a kinder approach to crypto.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/333981.html
相关文章
Ripple price tanks 20%, sinking fast
US Bank JPMorgan says the Bitcoin's actual valuation is around $35kRipple (XRP) price has dropped beneath crucial support that could give way to a 35% dip to lows of $...
阅读更多
AAVE Hits New All Time High Of $123 As DeFi Booms
US Bank JPMorgan says the Bitcoin's actual valuation is around $35kThe price of AAVE surged 40% since the start of the new year following a Coinbase listing last month...
阅读更多
Laguna Labs CEO slams SEC Chair Gensler's Ethereum comments
US Bank JPMorgan says the Bitcoin's actual valuation is around $35kThe US Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent comments about Eth...
阅读更多
热门文章
最新文章
How sustainable is Uniswap UNI/USD 8% jump amid the rate hike?
Is it safe to buy Firo after crossing an important resistance level?
Biden freezes FinCEN's proposal on crypto wallets
Crypto clash: How low can Ethereum price crash to?
India’s Aditya L1 mission crosses a major milestone
Mogo invests 1.5% reserve assets in BTC