JPMorgan values bitcoin at $266,000 relative to gold
- —JPMorgan: bitcoin's fair value versus gold is $266,000
- —BTC trades below $81,000, trailing the bank's estimate
- —The gap is explained by volatility and market risks
Why it matters: A major bank's valuation sets a long-term benchmark for institutional investors, but does not offset current pressure on the price.
Source: Google News (crypto query)