The Wall Street investment bank JPMorgan says digital assets have now replaced real estate as its “preferred alternative asset class,” and considers USD 38,000 a fair price for bitcoin (BTC).
According to the bank, digital assets are now the best alternative asset class to invest in, along with hedge funds, per multiple media reports. It said the broad selloff in risk assets this year has hurt digital assets more than other alternative assets, including private equity, real estate, and private debt.
As a result, the strategists said there could be more room for crypto to rise compared to traditional assets. “We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds,” the JPMorgan’s strategists wrote.
Alternative assets generally refer to all investment assets that are not stocks, bonds, or cash.
The note added that other alternative asset classes such as real estate could soon be hit by “lagged repricing.” However, the chances of...
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