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JPMorgan: The current bitcoin price is too low, expected to rise to $126,000 by the end of the year
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ChainCatcher reported that 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, reaching a record low; therefore, the fair value of bitcoin is around $126,000, and it is expected that this target will be achieved by the end of the year.
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