JPMorgan ensures that the btc exceeded its intrinsic value
The financial institution ensures that the current situation of the cryptocurrency resembles what happened two years ago, when the asset almost reached a value of 20,000 dollars
The JPMorgan Chase & Co bank said that the current situation of bitcoin resembles that of the cryptocurrency two years ago.
On the other hand, they indicated that the rise in prices of the digital asset means that the cryptocurrency is operating above its intrinsic value.
The bank wrote that in recent days, the real price of btc had increased considerably with respect to its marginal cost.
JPMorgan strategists wrote that defining the intrinsic value of a cryptocurrency is a difficult task.
Today there are many opinions regarding bitcoin, some researchers believe that the cryptocurrency does not have any kind of value while on the other hand it is mentioned that the intrinsic value is well above the current price.
At the end of last year the cryptocurrency had fallen below $ 4,000, however this first semester of 2019 has resulted in a quite positive rate of recovery, to be close to $ 8,000.
K. Tovar
Source: DiarioBitcoin
