JPMorgan Chase: Current Bitcoin price is "too low" and expects it to rise to $126,000 by the end of the year

JPMorgan analysts said that Bitcoin's current price is "too low" compared to gold because its volatility has fallen to a historical low; Bitcoin's volatility has dropped from nearly 60% at the beginning of the year to about 30% now, a record low; therefore, Bitcoin's fair value is about US$126,000, and this target is expected to be achieved before the end of the year.