JPMorgan Says the Fair Price of Bitcoin is $35,000
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JPMorgan analysts have said the fair price of Bitcoin is about $35,000. If the volatility of the crypto is halved, the bank's experts consider the target of $73,000 to be reasonable, Bloomberg reports.

JPMorgan believes digital currencies will grow by 15% annually by 2022, more than real estate (12.5%), hedge funds (7.5%) and stocks (5%).

According to the bank's analysts, the high volatility of cryptocurrencies makes them less attractive to investors. The bank believes digital currencies cannot be recommended as a key asset.

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According to a JPMorgan report:

"This casts doubt on the idea that the Bitcoin target of $100,000 or more, which has become the generally accepted forecast for 2022, is achievable without significantly reducing volatility. Digital assets are in a multi-year uptrend, but the current entry point looks unattractive."

JPMorgan analysts said in October the main factor behind the currency's rally is inflation fears, not excitement over the first Bitcoin futures ETF.

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