🚀
While most people are panic-watching the dip, JPMorgan’s top quant Nikolaos Panigirtzoglou just released a report that could change the whole “Bitcoin vs Gold” debate. 💣
Here’s what stood out:
📉 1) Volatility Is Dropping FAST
The BTC-to-Gold volatility ratio just hit a record low of 1.5.
That means Bitcoin is becoming less wild and starting to look more “institution-friendly.”
⛏️ 2) Bitcoin Is Below Its Production Cost
JPMorgan estimates Bitcoin’s production cost at around $87,000 — and BTC is currently trading below it.
Historically, when BTC drops under production cost, it often acts as a soft price floor.
🚀 3) Risk-Adjusted Fair Value = $266,000
Here’s the crazy part:
On a risk-adjusted comparison with gold, JPMorgan suggests Bitcoin’s “fair value” could be around $266,000. 🤑
🔥 My Take
The “Digital Gold” narrative isn’t dead… it’s leveling up.
Gold has been running, but Bitcoin is slowly becoming: ✅ more stable
✅ more attractive for big money
✅ harder to ignore
💬 So what are you doing? Are you stacking BTC or waiting for a bigger dip? 👇
@Binance Square Official $BTC $XAU