“ETF outflow and high volatility demonstrate the weakness of the narrative about “digital gold” in the context of bitcoin. The fair value of the first cryptocurrency is $ 71,000. The analyst has predicted high -use altcoins rally. The high volatility and outflow of BTC-ETF funds undermine the perception of the first cryptocurrency as digital gold, while its traditional analogue is in high demand. This was stated in Jpmorgan, writes The Block. Analysts are waiting for further growth […]”, – WRITE: Businessua.com.ua
- ETF outflow and high volatility demonstrate the weakness of the narrative about “digital gold” in the context of bitcoin.
- The fair value of the first cryptocurrency is $ 71,000.
- The analyst predicted high -use altcoins rally.
The high volatility and outflow of BTC-ETF funds undermine the perception of the first cryptocurrency as digital gold, while its traditional analogue is in high demand. This was stated in Jpmorgan, writes The Block.
Analysts are waiting for further growth of precious metal quotes as the main beneficiary of the strategy Debasement Trade.
They recalled that gold went up to a record $ 3,300 for an ounce, and Bitcoin has fallen in price since the beginning of the year due to correlation with shares.
According to JPMorgan, the current rate of $ 83,700 exceeds the estimated cost of production of $ 62,000, which has “historically acted as an empirical lower border for quotes.”
According to experts, the fair price for bitcoin is at $ 71,000, taking into account volatility and compared to $ 5 trillion of capitalization of gold, which falls on private investors. Another $ 4 trillion is at the disposal of the world’s centuries. This is a share of 3.5% of global financial assets, they specified.
And altcoins? Real Vision Chief Analyst Jamie Cousa announced the possible “last rally” of Altcoins in June.
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– Raoul Pal (@raoulgmi) April 3, 2025
According to the expert, only coins that have real usefulness and strong network activity benefit.
“We will definitely see the restoration of some of these better names. The question is whether it will be a steady uplift, which will last for 6-12 months, ”Cous said.
The main analyst of Real Vision is convinced that by this point the course of the first cryptocurrency will return to the historical maximum.
Earlier, Cryptoquant has linked the current fall of ETH/BTC to minima from 2020 with unfavorable onchin-card.
Later, the company experts reported to strengthen the bear conditions in bitcoin.
The founder and CEO Cryptoquant Ken Ju Juu in March declared the completion of digital gold. According to his forecast, in the next six months, quotes will be reduced or in the side.
Nansen researchers have reached the bottom of the bottom by June.
The gun
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