February 23, 2019

JPMorgan believes that the fair price of BTC is 2.4 thousand dollars.



American investment bank JPMorgan presented a report where it determined the “fair price” at BTC - about $ 2,400. Although many miners say that banking experts can hardly fairly estimate the cost of bitcoin mining.

Considering that the top cryptocurrency now costs about $ 3,950, before JPMorgan the “digital gold” price should drop another 38%. Then kryptranok reaches the estimated bitcoin extraction price. It turns out, if a firm produces instead of two hundred units of bitcoins 201, then the price for the production of the 201st unit is the marginal cost.
JPMorgan estimates Bitcoin as a highly volatile digital asset. It can be considered as a product with a certain cost of receipt. “Given the average hash rate in the last quarter of last year and production costs .... the cost of extracting one bitcoin is 2.4 thousand dollars. And this is an honest price, ”say investment bank experts.