Estimated reading time: 0 minutes, 26 seconds

JPMorgan Sees 'Significant Upside' for Crypto Investors

Bitcoin’s recent beating has left it below its fair price, giving it “significant upside,” according to JPMorgan Chase. So reports CNBC.

bitcoin 3089728 640 smallIn a recent research note, JPMorgan says Bitcoin is undervalued by 28%. Strategist Nikolaos Panigirtzoglou said the recent crypto market correction “looks more like capitulation relative to last January/February.”

The research note is significant because of CEO Jamie Dimon’s previous comments on cryptocurrency. Dimon has previously said he thinks Bitcoin is “worthless” and that he has no interest in it.

Read the full article from CNBC.

Read 162 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.