According to Strategists at JPMorgan Chase, led by Nikolaos Panigirtzoglou, Bitcoin’s current “fair value” is at around $38,000, roughly 12% below its current price. Presently, Bitcoin is trading at the $43,000 mark, above its supposed current fair value. Therefore, the strategists’ estimated theoretical long-term BTC price target is at $150,000, up from the $146,000 projection seen last year.