JPMorgan: Bitcoin price expected to rise to $126,000 by the end of the year

According to Jinse Finance, JPMorgan analysts stated that the current price of bitcoin is "too low" compared to gold, as its volatility has dropped to a historic low; bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, setting a new record low. The analysts indicated that the fair value of bitcoin is around $126,000, and they expect this target to be reached by the end of the year.