Bitcoin BTC$113,152.21 is trading too cheap relative to gold as its volatility falls to historic lows, Wall Street bank JPMorgan (JPM) said in a research report Thursday.
The bank highlighted that bitcoin’s six-month rolling volatility has dropped from nearly 60% at the start of the year to about 30% today, the lowest on record.
STORY CONTINUES BELOW
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With volatility converging toward gold,
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