Bitcoin Undervalued Compared To Gold, Fair Value At $126,000: JPMorgan
Posted On August 28, 2025
JPMorgan (NYSE:JPM) analysts believe Bitcoin (CRYPTO: BTC) is trading below its fair value as its price volatility falls to historic lows, narrowing the asset’s risk-adjusted gap with gold.
Volatility in Bitcoin has slid from nearly 60% earlier this year to roughly 30%, the lowest level on record.
What Happened: Analysts led by Nikolaos Panigirtzoglou said this dynamic implies a fair value near $126,000, a target they expect could be reached by year-end, according to The Block.
A major driver of the decline in volatility has been corporate treasuries, which now hold over 6% of Bitcoin’s total supply.
JPMorgan compared the phenomenon to …
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