JPMorgan finally admits Bitcoin has value, here is how they measure it306

The world’s largest cryptocurrency has surged beyond its “intrinsic value,” mirroring a similar move in 2017 which preceded the industry’s biggest slump, JPMorgan Chase strategists wrote in a note on Friday.

Bitcoin’s latest rally caught many by surprise,  not to say that it wasn’t a welcome development in the crypto community. With the value per BTC  exceeding $8,200 at one point, many saw this as an indicator that the dreaded bear market is finally over.

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