{"id":81657,"date":"2022-05-27T00:14:52","date_gmt":"2022-05-27T04:14:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81657"},"modified":"2022-05-27T00:00:45","modified_gmt":"2022-05-27T04:00:45","slug":"jamie-dimons-jpmorgan-says-bitcoins-slide-has-created-significant-upside-for-crypto-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/jamie-dimons-jpmorgan-says-bitcoins-slide-has-created-significant-upside-for-crypto-investors.html","title":{"rendered":"Jamie Dimon\u2019s JPMorgan says bitcoin\u2019s slide has created \u2018significant upside\u2019 for crypto investors"},"content":{"rendered":"\n<p>(CNBC) Bitcoin\u2019s <a href=\"https:\/\/www.cnbc.com\/2022\/05\/12\/bitcoin-btc-price-falls-below-27000-as-crypto-sell-off-intensifies.html\">recent slide<\/a> has left the digital token well below its fair price, giving the cryptocurrency \u201csignificant upside\u201d now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its price target for the coin, which was trading at <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CB=\">just above $29,600<\/a> on Thursday afternoon, at $38,000 according to <a rel=\"noreferrer noopener\" href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/bitcoin-outlook-jpmorgan-cryptocurrencies-alternative-assets-2022-5\" target=\"_blank\">Markets Insider<\/a>. Bitcoin fell below $26,000 earlier this month for the first time since December 2020<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/26\/jamie-dimons-jpmorgan-says-bitcoin-has-significant-upside-now.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bitcoin\u2019s recent slide has left the digital token well below its fair price, giving the cryptocurrency \u201csignificant upside\u201d now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81657","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81657"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81657\/revisions"}],"predecessor-version":[{"id":81658,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81657\/revisions\/81658"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}