JPMorgan's newly released note indicates that cryptos will substitute real estate as its preferred alternative asset, but the bank continues to have its concerns.
JPMorgan Maintains Bitcoin’s Fair Value Is at $38,000, Predicts 28% Upside AheadJPMorgan’s newly released note indicates that cryptos will substitute real estate as its preferred alternative asset, but the bank continues to have its concerns.
JPMorgan maintains bitcoin’s fair value at $38,000, suggesting a potential 28% upside for the primary cryptocurrency, sitting slightly below the $30,000 level.published on Wednesday, the Wall Street giant said cryptocurrency is one of its preferred alternative assets over real estate, and it does not fall into the same category as stocks and bonds.
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