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JPMorgan Sees 'Significant Upside' for Crypto Investors

Bitcoin’s recent beating has left it below its fair price, giving it “significant upside,” according to JPMorgan Chase. So reports CNBC.

bitcoin 3089728 640 smallIn a recent research note, JPMorgan says Bitcoin is undervalued by 28%. Strategist Nikolaos Panigirtzoglou said the recent crypto market correction “looks more like capitulation relative to last January/February.”

The research note is significant because of CEO Jamie Dimon’s previous comments on cryptocurrency. Dimon has previously said he thinks Bitcoin is “worthless” and that he has no interest in it.

Read the full article from CNBC.

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