Post by lili on Feb 15, 2022 5:06:58 GMT -5
With Bitcoin's volatility roughly four times that of gold, the real value of the cryptocurrency is now around $38,000, according to JPMorgan strategists. If its volatility is reduced by a factor of three, then the real value will rise to $50,000.
It is the volatility of bitcoin that economists consider its main problem. “The biggest hurdle for bitcoin going forward is its volatility and boom and bust periods that hinder further institutional adoption of the cryptocurrency,” JPMorgan said in a statement. In theory, the long-term goal for bitcoin is to reach a level where its total market value is equal to the value of all the gold held by individuals for investment purposes.
It is the volatility of bitcoin that economists consider its main problem. “The biggest hurdle for bitcoin going forward is its volatility and boom and bust periods that hinder further institutional adoption of the cryptocurrency,” JPMorgan said in a statement. In theory, the long-term goal for bitcoin is to reach a level where its total market value is equal to the value of all the gold held by individuals for investment purposes.