JPMorgan named fair value for bitcoin
According to the bank's client survey, it ranges from $35 000 to $73 000
12.01.2022 - 10:30
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What’s new? The US financial holding company JPMorgan has shared with Bloomberg the results of a survey regarding the value of bitcoin. The survey was conducted among the organization's current clients. The main question they answered was: How do you see the price of bitcoin by the end of 2022?
News source on the Bloomberg website
What is the data in the survey? More than 41% of respondents expect to see the bitcoin price of $60 000 by the end of 2022. 23% of clients believe the price will drop to the $20 000 mark. And only 5% are sure that bitcoin will cross the coveted $100 000 mark.
JPMorgan strategist Nikolaos Panigirtzoglu summed up the final results of the survey. According to his data, the cryptocurrency's fair value by the end of 2022 is in the range of $35 000 to $73 000.
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