The United States-based giant bank JPMorgan, which has abstained from cryptocurrencies, has come to the fore with the statements it has made so far. Although the company closely follows the crypto money market, and especially Bitcoin, the CEO of the company, Jamie Dimon, in a statement about 5 months ago, advised investors to stay away from Bitcoin and similar currencies. The CEO added that these coins have no value at all.
In a statement made today, the bank announced the ‘fair’ value of Bitcoin, which was traded at around $ 63 thousand at the time of writing this article. In its report, the company stated that the ‘fair value’ for Bitcoin is 35 thousand dollars. On the other hand, he made a statement that will both delight crypto money investors and not meet their expectations.
Bitcoin may reach its target of $100,000 in 2022:
In the same report, JPMorgan said that the $73,000 price target for Bitcoin remains a viable target. However, he said the opposite of what many strategists expected, adding that they do not believe that Bitcoin will rise in price very quickly. He also stated that unless there is a big drop in Bitcoin, Bitcoin can reach its target of 100 thousand dollars in 2022.
Finally, the company announced that cryptocurrencies are expected to outperform other investment vehicles in 2022. But he said that this increase in value in 2022 will be a bumpy road. It was stated that the sharp fluctuations experienced also reduced the attraction on the crypto side.
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