(AOF) – While the Once d’Or continues records, Bitcoin does not seem to want to be outdone. Against the backdrop of an increase in appetite for the risk, the most famous of cryptocurrencies earns 1.65%, at 11,9429 dollars, and evolves at less than 5% of its historic historic reached on August 14, at 124,496 dollars. In a note published last night, JPMorgan talks about a theoretical price of $ 165,000 for Bitcoin. The American bank explains that the sharp increase in the price of gold in the last month made Bitcoin more attractive for investors compared to gold.
“Especially since the volatility ratio between Bitcoin and Gold continues to decrease to go below 2,” she adds.
For JPMorgan, the Bitcoin market capitalization – currently 2,300 billion dollars – should mechanically increase by around 42 % (a theoretical price of bitcoin close to $ 165,000) to match, on an adjusted basis of volatility, the approximately 6,000 billion dollars of private sector investments in gold (via ETF, Lingots or parts).
