• – In the statements made by the Wall Street investment bank JPMorgan, it was revealed that digital assets are now replacing real estate as the “preferred alternative asset class”. It also holds $38,000 as a fair price for bitcoin (BTC).
  • – Bitcoin is starting to outperform crypto real estate with its bitcoin undervalued, according to the bank’s statements. Digital assets in particular are now recognized as one of the best alternative asset classes to invest in with hedge funds, according to multiple media reports. It is also notable that the massive sales of risk assets this year have done more damage to digital assets than other alternative assets, including private equity, real estate, and private debt.

In the situations determined by the results, strategists stated that there is room for crypto to provide more upside compared to traditional assets. According to the statements made by the strategists of JPMorgan, the situation has emerged to replace real estate with digital assets as the preferred alternative asset class together with hedge funds. Alternative assets are often used to reveal stocks, bonds, or any non-cash investment assets.

  • – It has also been stated that other alternative asset classes, such as real estate, may soon be hit by “delayed repricing”. However, with less chance of this happening in the digital asset market, this market seems to have already passed through a set capitulation. As noted in the notes, it appears that Bitcoin seems worthless at the moment. It is also stated in these notes that with this situation, 38,000 USD is a fair price for the number one cryptocurrency.
  • – About JPMorgan’s priced target of $38,000 for Bitcoin, an increase of approximately 30% from the current price of $29,250 (as of 08:30 UTC) appears to be symbolized. In February, with BTC trading at over $40,000, the bank also added that the fair value of BTC is around $38,000.

Looking at the current news, JPMorgan’s strategists have generally commented on the continued flow of venture capital (VC) into the space for crypto assets. In particular, they added that this situation is very important. Despite Terra’s (LUNA) recent collapse, there are also a few signs that finances are drying up.

Looking at the facts, there is little evidence that VC funds have dried up after Terra’s collapse. It seems that the VC fund amounting to US$ 25 billion to date has come after approximately US$ 4 billion of Terra. Determined by best estimates, VC funding will continue and a long winter similar to 2018/2019 will be avoided.

  • – The note was written with detailed explanations by a group of investment strategists at the bank, including Nikolaos Panigirtzoglou. Also, the same strategist has previously mentioned the inflationary environment of Bitcoin, and the potential that some investors might see it as a better inflation hedge than gold. Many more explanations and news about the devaluation of Bitcoin are on the agenda. More information on the situation is emerging with JP Morgan.



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