JP Morgan: Bitcoin has replaced real estate as one of its preferred alternative assets

Bitcoin’s fair price remains at $38,000, JP Morgan reportedly said in a Wednesday report, which is 28% higher than Bitcoin’s $29,722 this morning, meaning the cryptocurrency has gone from here after a sharp sell-off. There are a lot of upsides to starting with. Cryptocurrencies have replaced real estate as their preferred alternative assets (i.e., assets that do not fall into specific categories like stocks and bonds).