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JPMorgan: Bitcoin price expected to rise to $126,000 by the end of the year
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According to Jinse Finance, JPMorgan analysts stated that the current price of bitcoin is "too low" compared to gold, as its volatility has dropped to a historic low; bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, setting a new record low. The analysts indicated that the fair value of bitcoin is around $126,000, and they expect this target to be reached by the end of the year.
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