According to JPMorgan strategist Nikolaos Panigirtzoglou, the real value of Bitcoin now corresponds to itsmarket price.
According to him, the gap between the two“significantly reduced” after halving. In January, the strategist stated that the real value of bitcoin is much lower than the market value. This means that at that time Bitcoin was overvalued.
The “real value” parameter helps to evaluatewhether the asset is undervalued or overvalued. According to a spokesman for JPMorgan, bitcoin halving “helped narrow the gap” between the real value of BTC and its market price.
After bitcoin halving on May 11, the real value of bitcoin actually doubled.
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Based on materialswww.theblockcrypto.com
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