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Bitcoin’s Fair Value Is $170K, JPMorgan Argues in Gold-Based Model

JPMorgan analysts have posited that Bitcoin could reach a fair value of $170,000 within the next six to twelve months, drawing parallels with gold investments. The forecast arises amid recent stabilization in the crypto markets after significant liquidations in perpetual futures, suggesting that the worst is over for Bitcoin's market. Currently priced significantly below its projected value, Bitcoin is viewed as undervalued compared to gold. JPMorgan analyzes that Bitcoin consumes 1.8 times more risk capital than gold, proposing that to align Bitcoin's market cap with two-thirds of gold's private investment base (approximately $6.2 trillion), its value must expand considerably from its current level of around $2.1 trillion. This analysis indicates an impressive upside potential for Bitcoin as investor behaviors shift towards it as a hedge against equity risk compared to the rising volatility of gold. The projection reflects a technical assessment rather than market sentiment.

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Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her Bitcoin price target for 2030 down from $1.5 million to $1.2 million, citing rapid growth in stablecoin adoption. She noted that stablecoins, which are gaining traction among banks and corporations for payments, are encroaching on the role Bitcoin was

Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her Bitcoin price forecast from $1.5 million to $1.2 million by 2030, attributing the change to the rapid adoption of stablecoins. In a recent interview, Wood noted that stablecoins are increasingly being utilized for payments, thereby fulfilling roles that Bitcoin

Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her bullish Bitcoin price forecast from $1.5 million to $1.2 million by 2030. This change is attributed to the rapid growth of stablecoin adoption, which is increasingly being used for payments rather than Bitcoin. Wood noted that while Bitcoin still

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