Cryptos are alternative assets – J.P. Morgan

JPMorgan on Wednesday said that Bitcoin’s fair price is $38,000. This turns out to be 28% higher than its current level which is $29,722. This implies a “significant upside from here” after the recent cryptocurrency pullback. JPMorgan said the recent market crash hurt cryptos more than real estate, private equity, and private debt. The bank noted that cryptocurrencies have surpassed real estate as one of its preferred “alternative assets”