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JPMorgan: Bitcoin is trading above fair value. What does this indicate? JPMorgan: Bitcoin is trading above fair value. What does this indicate?

JPMorgan: Bitcoin is trading above fair value. What does this indicate?

Analysis by JPMorgan and Glassnode give contradictory fair value assessments. But in both cases, the outlook is possibly bearish.

JPMorgan: Bitcoin is trading above fair value. What does this indicate?

Cover art/illustration via CryptoSlate

Investment bank JPMorgan has calculated Bitcoin’s fair value at $38,000.

This figure is 12% less than the actual price at the time, indicating overvaluation and suggesting a possible price drop to come.

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