JPMorgan Analysis: Bitcoin Undervalued at $68K Compared to Gold Amid Market Correction

In a recent market assessment, JPMorgan highlighted Bitcoin’s current valuation relative to gold, noting that the cryptocurrency’s recent price decline has rendered it undervalued compared to the precious metal. This marks a significant shift from the bank’s analysis at the close of 2024, when Bitcoin appeared fairly valued against gold. The observation comes as both digital assets and traditional equities experience continued downward pressure, with Bitcoin trading near the $68,000 level that JPMorgan considers below its gold-equivalent valuation. Market analysts suggest this divergence presents potential opportunities for portfolio rebalancing, particularly for institutional investors seeking exposure to alternative stores of value. The bank’s research team emphasized that while short-term volatility persists across risk assets, Bitcoin’s structural position in the digital asset ecosystem continues to strengthen despite recent price movements. The assessment forms part of JPMorgan’s broader analysis of cryptocurrency valuation metrics and their relationship to traditional safe-haven assets during periods of market uncertainty. As global markets navigate evolving macroeconomic conditions, the relationship between digital and traditional stores of value remains a key focus for institutional investment strategies.