J.P. Morgan Says Bitcoin Is Undervalued: Time to Buy the Dip as HYPER Presale Explodes?

We’ve seen Bitcoin’s price crater over the past four weeks, falling over 20% from its peak above $126,000 in October to below $100,000 again today. It’s been a fast and painful drop, erasing months of gains.

The cause? A classic one-two punch: hawkish comments from the Fed sent investors fleeing from risk assets, followed by a massive $460 million liquidation cascade in the leveraged market.

And because of that, investor sentiment is understandably shaky. But just as everyone was bracing for more downside, analysts at J.P. Morgan dropped a new note. Their take is the complete opposite. They argue that this sell-off is overdone and, based on their model, BTC is now “undervalued.”

Meanwhile, market turmoil is helping some outliers stand out. A new low-cap altcoin, Bitcoin Hyper (HYPER), is going viral in its presale phase. The project has raised over $26 million for a new Bitcoin Layer-2 solution built using Solana’s tech.

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J.P. Morgan’s $170,000 “Fair Value” Case for Bitcoin

J.P. Morgan’s analyst team, led by Nikolaos Panigirtzoglou, is making the case that Bitcoin is significantly undervalued. Their whole model is built on treating Bitcoin as “digital gold.” They’re comparing Bitcoin to the massive $6.2 trillion market for private gold investments.

Of course, it’s not a 1-to-1 comparison. J.P. Morgan’s math adjusts for risk, calculating that Bitcoin requires approximately 1.8 times more risk capital than gold. And after running the numbers, they’ve landed on a theoretical fair value of $170,000.

At the time J.P. Morgan’s report was released, Bitcoin was trading around $102,000, meaning their model saw a $68,000 valuation gap. In their eyes, that’s a considerable discount.

Ultimately, the analysts think the recent, painful “deleveraging” – all those liquidations in the futures market – is mostly over. That’s a big deal because it means a major source of selling pressure is gone, leaving a much more stable floor for Bitcoin’s price.

Why the Rest of Wall Street Agrees That BTC Is Undervalued

J.P. Morgan isn’t alone in thinking BTC is undervalued. Their call is actually part of a much broader consensus that’s been building on Wall Street. Some analysts now argue that the gold trade has become “overheated” after its huge run.

For example, one analyst points to Goldman Sachs’ forecast for gold to push toward $4,000–$4,900 per ounce, and says capital could rotate into faster-moving assets like Bitcoin. He thinks BTC could ultimately trade at $150,000 if that plays out.

Then there’s Morgan Stanley. In a huge move, they are now officially recommending clients put 2-4% of their portfolios into Bitcoin and other crypto assets. The bank classifies Bitcoin as a “scarce asset akin to digital gold,” and slots it into the real-assets bucket alongside other stores of value.

All these statements align with what we’re seeing from other analysts as well. The consensus for late 2025 BTC targets is landing in the $145,000 to $200,000 range.

Bitcoin Hyper Leads the Race to Scale Bitcoin – Over $26M Raised in Presale

Despite all the interest in Bitcoin, it was never designed for the fast, cheap transactions that investors need for activities like DeFi or meme coin trading. That’s where Layer-2 solutions come in. They’re trying to add that missing speed and utility without sacrificing Bitcoin’s security.

And even with the market’s nosedive, one trend is clear: projects addressing Bitcoin’s scalability issues continue to attract funding. A perfect example is Bitcoin Hyper (HYPER).

This project is all about bringing high-speed, low-fee transactions and smart contracts to the Bitcoin blockchain. That goal is attracting lots of attention. Bitcoin Hyper’s presale has already blasted past $26.2 million, with the HYPER price set at just $0.013235.

What’s got people so interested? It appears to be Bitcoin Hyper’s approach. This Layer-2 is trying to mix Solana’s high-speed tech with Bitcoin’s security. It’s an ambitious system that could unlock DeFi, meme coin trading, and tokenized RWAs on top of Bitcoin.

Plus, there’s a staking protocol offering yields of 45% APY for early investors, which has already resulted in over 1.1 billion HYPER tokens being staked. This is one of the reasons why crypto analyst Melos Crypto is so bullish on Bitcoin Hyper’s prospects.

Overall, the future looks bright for this new Layer-2 project. Despite BTC’s troubles, Bitcoin Hyper continues to attract hundreds of thousands of dollars each week – setting the stage for a must-watch DEX listing once the presale wraps up.