JPMorgan retains $ 38,000 as a fair value of Bitcoin in the middle of the recent burglary

• The analysts of JPMorgan opted for Bitcoin to real estate and added that the fair value of the former is 30 % above the current prices
• You also found that VC financing reverses the current bear market and should prevent a crypto winter similar to 2018/2019

jpmorgan analysts under the direction of Nikolaos Panigirtzoglou have expressed themselves as the current cryptoma market and found that the fair price of the world's leading digital asset value is 30 % above current prices. The analysts of the bank said that there is considerable potential that Bitcoin could increase to $ 38,000 despite the latest market capital and lead other crypto tokens.

" The cryptoma market correction of the past month looks more like a surrender compared to the last January/February, and for the future we generally see upward potential for the Bitcoin and cryptoma markets." said the strategists.

in the Note The analysts that were sent to customers on Wednesday kept on their prediction. href = "https://www.bloomberg.com/news/articles/2022-09/bitcoin-s-volatity-versus-gold-implies-38-value-jpmorgan"> Problematic in February, when they highlighted $ 38,000 as a fair value of Bitcoin. The approach was 12 % lower than the actual price of Bitcoin at this point, and the number was reached taking into account a BTC volatility, which was four times as high as that of gold.

The JPMorgan strategists chose crypto as the preferred alternative investment value. They explained that other alternative asset classes, including private Debt, private equity and real estate, were all deleted due to a possible delayed re -evaluation .

"A possible delayed re -evaluation lets us remain more careful in the upcoming quarters in relation to private equity, private Debt and real estate. In addition to hedge funds, we replace real estate with digital assets as our preferred alternative investment class." added.

venture financing to avert a possible winter

The optimistic prediction of JPMorgan to Bitcoin and other cryptocurrencies comes at a time when the market suffers from various "attack events", from the invasion of Russia in Ukraine to the efforts of the US Federal Reserve to reduce the high inflation rates.

The recent downfall of Terra, together with its locals Luna and Vust-token, also shook the markets. Nevertheless, the conviction of the investors remains high. Panigirtzoglou and the company found that the investments should be continued and this will help to avoid a market scenario that resembles that of the extended crypto winter 2018/2019.

"So far there is hardly any evidence that VC financing has dried up after the collapse of Terra. From VC financing of $ 25 billion in the previous course, almost $ 4 billion came to Terra." The investor note read . "Our best guess is that VC financing continues and a long winter is averted similar to 2018/2019."