Bitcoin miners can only increase bitcoin share in a market where there is only a finite supply of them, about 1,800 bitcoin per day. Photo: BloombergBitcoin miners can only increase bitcoin share in a market where there is only a finite supply of them, about 1,800 bitcoin per day. Photo: Bloomberg
Bitcoin miners can only increase bitcoin share in a market where there is only a finite supply of them, about 1,800 bitcoin per day. Photo: Bloomberg
Business

JPMorgan estimates bitcoin’s fair value at US$2,400, to the dismay and disagreement of digital currency miners everywhere

  • JPMorgan estimates that lowest cost miners in China is the break-even point, pointing to 38 per cent downside for bitcoin at current level to “fair value”
  • Cryptocurrency miners say an “average break-even level” does not exist; whilst others operate profitably below that level
Topic |   Bitcoin
Georgina Lee
Georgina Lee

Updated: 3:51pm, 21 Feb, 2019

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Bitcoin miners can only increase bitcoin share in a market where there is only a finite supply of them, about 1,800 bitcoin per day. Photo: BloombergBitcoin miners can only increase bitcoin share in a market where there is only a finite supply of them, about 1,800 bitcoin per day. Photo: Bloomberg
Bitcoin miners can only increase bitcoin share in a market where there is only a finite supply of them, about 1,800 bitcoin per day. Photo: Bloomberg
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