JPMorgan says BTC looks cheap next to gold, points to $170K fair value - Source: CoinTelegraph

Bitcoin is trading below its fair value relative to gold when adjusted for volatility, according to analysts at JPMorgan.

The rise in gold volatility during its rally to all-time highs in October makes the precious metal riskier and Bitcoin “more attractive to investors,” analysts said, based on the bitcoin-to-gold volatility ratio falling to 1.8, meaning BTC carries 1.8 times the risk of gold.

Story continues here: https://cointelegraph.com/news/btc-undervalued-gold-implying-170k-jp-morgan