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Bitcoin Attractively Valued as Volatility Falls: JP Morgan
Bitcoin and ETFs such as the Coinshares Valkyrie Bitcoin Fund (BRRR) are coming off rough showings in August. This isn’t surprising given the cryptocurrency’s reputation for faltering in the eighth month of the year. August woes may be just the buying opportunity bitcoin and BRRR investors have been waiting on. A rebound may or may not materialize. Yet some experts believe that’s the exact scenario in store over the near term. Recent research from JP Morgan suggests the digital currency’s August struggles took the largest cryptocurrency below its fair value. Analyst Nikolaos Panigirtzoglou pointed out that ... (full story)
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