JPMorgan: The current Bitcoin price is "too low," and it is expected to rise to $126,000 by the end of the year.

PANews August 28 news, JPMorgan analysts state that the current price of Bitcoin is "too low" compared to gold, as its Fluctuation has fallen to a historical low; the Fluctuation of Bitcoin has dropped from nearly 60% at the beginning of the year to about 30% currently, setting a new historical low; therefore, the fair value of Bitcoin is approximately $126,000, and this target is expected to be achieved by the end of the year. Analysts indicate that factors such as corporate capital accumulation, index-driven capital inflows, and decreased volatility have collectively enhanced the investment value of Bitcoin. The lower volatility makes it easier for institutional investors to allocate capital, and the risk-adjusted valuations of Bitcoin and gold are now closer than ever. Analysts state that the volatility ratio of Bitcoin to gold has dropped to 2.0—its lowest level on record—meaning that the risk capital consumed by Bitcoin in the current portfolio allocation is double that of gold. Based on this, to align Bitcoin's market value of $2.2 trillion with the approximately $5 trillion private gold investment scale, its market value needs to increase by about 13%, meaning the theoretical price should reach $126,000. Analysts also noted that this gap has changed, from Bitcoin trading at $36,000 above this fair value level at the end of 2024, to now being about $13,000 below it, indicating that Bitcoin still has potential for further appreciation.