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The Daily Hodl
2019-05-20 16:40:54

JP Morgan Warns Bitcoin (BTC) and Crypto Market Has Surged Above ‘Intrinsic Value’

Analysts at JP Morgan Chase say Bitcoin’s recent rally echoes the leading crypto asset’s surge in late 2017, before a huge correction hit the market. A new strategy report from the financial giant analyzes Bitcoin’s value by factoring the cost of energy and computing hardware it takes to power the network, reports Bloomberg. “Over the […]The post JP Morgan Warns Bitcoin (BTC) and Crypto Market Has Surged Above ‘Intrinsic Value’ appeared first on The Daily Hodl.