JPMorgan analysts suggest Bitcoin is trading below fair value as price volatility hits historic lows, now around 30%. They estimate a fair value near $126,000, potentially reached by year-end. Corporate treasuries holding over 6% of Bitcoin supply have decreased volatility, attracting institutional investors and raising Bitcoin’s investment profile. Treasury demand, index-based inflows, and declining volatility strengthen Bitcoin’s investment case, with lower volatility making it more attractive for institutions. JPMorgan predicts Bitcoin’s market cap would need to rise about 13% to match the private gold market, underscoring potential upside.

Read more at Yahoo Finance: Bitcoin Undervalued Compared To Gold, Fair Value At $126,000: JPMorgan