Bitcoin, which has been revalued in recent days and exceeded 44 thousand dollars after a big decline, continues to be the focus of attention of giant names. Today, banking giant JPMorgan made a new statement about Bitcoin, the father of the cryptocurrency market. The bank has raised the ‘fair value’ it previously announced for Bitcoin.
Last November, while explaining its expectations regarding Bitcoin, JPMorgan stated that the fair value of Bitcoin is $35,000. In a statement today, the company announced that they calculated the fair value of Bitcoin at around $ 38 thousand. Thus, the fair value of Bitcoin in the eyes of JPMorgan increased by 8.57%.
JPMorgan mentioned $100,000 in 2022 targets
For Bitcoin, which has a value of around $ 43,700 today, JPMorgan also included some targets in its statement in November. In the report published by JPMorgan, it was stated that the price target of $ 73 thousand for Bitcoin was seen as an appropriate target, and it could reach $ 100 thousand in 2022.
The ‘fair value’ of a product, service or asset is a value calculated in accounting, taking into account all the factors that may play a role in determining value. When calculating fair value, objective factors such as production or replacement costs, market conditions, supply and demand issues are taken into account.
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