🛑JPMorgan warns that BTC price is unsustainable 😨
JPMorgan, one of the largest financial institutions in the world, believes any near-term rebound in the crypto market will be temporary.
🔍 They argue that Bitcoin, trading around $67k, is overpriced compared to its production cost of $43,000 and its volatility-adjusted value relative to gold, which is $53,000.
The report also notes that Bitcoin and gold could benefit from a potential Trump election win, which is seen as more favorable to crypto regulations 🇺🇸
Are we in for a correction? Or will Trump save the market?
