Excessive Volatility Hindering Further Mainstream Adoption of Bitcoin, JPMorgan Says
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Bitcoin’s biggest challenge is its volatility and the boom and bust cycles that hinder further institutional adoption, JPMorgan said in a research report. The bank’s fair value estimate for bitcoin – based on the volatility ratio of bitcoin to gold – fell to around four times, or $38,000, analysts led by Nikolaos Panigirtzoglou wrote in […]
Cryptocurrency
