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JPMorgan says Bitcoin is undervalued compared to gold as volatility plummets

  • Bitcoin’s volatility halves in 2025, attracting cautious institutional investors.
  • Corporate treasuries now hold over 6% of Bitcoin’s circulating supply.
  • JPMorgan values Bitcoin $16K below gold parity, implying $126K potential.

JPMorgan Chase is making waves with their latest take on Bitcoin as the investment bank identified that it’s way undervalued compared to gold.

What caught their attention? Bitcoin’s volatility has absolutely plummeted this year. We’re talking about a drop from around 60% earlier in 2024 down to just 30% now, which is at record low levels.

The bank sees this as Bitcoin finally growing up and moving away from being this wild, speculative plaything to something that actually behaves more like a serious investment.

When an asset becomes less volatile, it starts looking a lot more like gold in terms of being a safe place to park money.

Reduced Bitcoin volatility sparks institutional interest

JPMorgan’s latest research shows that Bitcoin’s falling volatility is attracting a lot of new attention from institutional investors. For a long time, the extreme price swings kept cautious investors away.

But now that things have calmed down, more and more investors are starting to see Bitcoin as a real, long-term part of a diversified portfolio.

The report suggests this shift is making Bitcoin more credible, much like traditional assets. It’s solidifying its role as both an investment and a store of value in mainstream markets.

In fact, corporate treasuries now hold more than 6% of the total Bitcoin supply.

Publicly traded companies are also gaining exposure by being included in stock indices, which brings in more money without them having to directly trade crypto.

Following up on that, JPMorgan’s analysis also shows that Bitcoin is undervalued by about $16,000 when you compare it to gold, using models that account for volatility.

Their report puts an implied price target for Bitcoin at roughly $126,000.

This suggests there’s a lot of room for the price to grow as the market catches up to Bitcoin’s new stability and its growing role with institutional investors.

Even though Bitcoin’s price has been resiliently holding above $111,000, this valuation gap means there’s still a lot of potential for it to appreciate further as more people adopt it and its volatility stays low.

Market dynamics and future outlook

In their analysis, JPMorgan also points to a shift in market dynamics. Passive capital, which is the money coming from index funds that buy shares in companies holding Bitcoin, is creating a steady demand.

This helps shield Bitcoin from being driven solely by speculative trading.

They also noted that the 200-day moving average has been a strong technical support level, which reinforces a long-term bullish outlook even with small, short-term price swings.

Still, some indicators show that traders are keeping cautious hedging positions in the options markets. This reflects a more short-term bearish sentiment, even though the overall trend remains positive.

The post JPMorgan says Bitcoin is undervalued compared to gold as volatility plummets appeared first on CoinJournal.

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Pi Network launches Linux Node and protocol upgrades: PI coin sees largest gain in days

  • Pi Network releases Linux Node, expanding support beyond Windows and macOS.
  • Protocol v23 brings on-chain KYC and prepares for smart contracts.
  • Over 14.8M users verified, boosting adoption and mainnet readiness.

The native token of Pi Network, Pi Coin, has recorded its sharpest gain in weeks after months of bearish pressure.

At press time, PI was trading at $0.3534, up 3.2% in the past 24 hours.

The rally comes after Pi Network announced a major infrastructure upgrade and the release of a Linux-compatible version of its Node software, a move that is being seen as a crucial step toward mainnet activation.

Linux Node release signals stronger foundation

The release of the Pi Node for Linux marks a turning point for the project.

Until now, Pi Nodes were limited to macOS and Windows, which left operators and exchanges that rely on Linux systems on the sidelines.

By expanding to Linux, the network has opened its infrastructure to a wider set of users, service providers, and partners.

The Linux Node is designed to run standardised software that can auto-update, reducing the burden of manual maintenance.

This not only strengthens network stability but also minimises the risk of fragmentation.

For exchanges, which had long requested such compatibility, the upgrade lowers integration barriers and enhances the likelihood of smoother listings in the future.

Protocol upgrade prepares Pi for smart contracts

The Linux launch comes alongside Pi Network’s preparation for its most anticipated blockchain upgrade.

The network is rolling out protocol version 23, which introduces Know Your Customer (KYC) verification directly on-chain and paves the way for smart contract support through Stellar’s protocol 23 upgrade.

The transition is being carried out gradually, starting with Testnet1, then moving to Testnet2, before finally reaching the mainnet in the coming weeks.

The Pi Core Team has cautioned that minor outages may occur during the process, but users will be notified in advance.

Once complete, the upgrade is expected to align Pi more closely with global identity standards, including ERC-3643, while also enabling a new wave of decentralised applications to be built on its infrastructure.

Growing adoption and user verification

Beyond its technical upgrades, Pi Network continues to grow its verified community.

The team recently confirmed that more than 14.82 million users have completed KYC and migrated to the mainnet.

This milestone is significant because it allows for integrations that require verified identities, making Pi more appealing to potential partners, service providers, and regulated exchanges.

The push toward on-chain KYC also reflects a broader trend in the crypto industry, where identity and compliance are increasingly seen as prerequisites for mass adoption.

By embedding KYC within its blockchain, Pi is positioning itself as a network that bridges decentralised participation with regulatory trust.

Pi Network price outlook improves

Pi Coin’s price action has mirrored the optimism around these upgrades.

The token has rebounded from its all-time low of $0.3312 reached just days ago, climbing back into the $0.35 range.

Technical indicators suggest a potential shift in momentum, with the Relative Strength Index (RSI) forming a bullish divergence against recent price lows.

If buying pressure continues, analysts see room for the coin to test resistance near $0.40, which aligns with its 50-day Exponential Moving Average (EMA).

A successful breakout could open the door for a larger rally toward $0.60 in the months ahead, especially if exchange listings materialise.

On the downside, however, Pi coin remains closely tied to broader market sentiment and Bitcoin’s movements.

Any sustained weakness in the wider crypto market could push PI back toward $0.30 support.

The post Pi Network launches Linux Node and protocol upgrades: PI coin sees largest gain in days appeared first on CoinJournal.

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Treehouse (TREE) soars 89% on Upbit listing, can the altcoin sustain the gains?

  • The price of Treehouse (TREE) surged to $0.5943 before retracing to around $0.4294.
  • Today’s price surge is due to TREE’s listing on Upbit, which fueled a sharp volume spike.
  • Key levels to watch include support at $0.3953, and resistances at $0.4842 and $0.6000.

Treehouse (TREE) stunned traders today after soaring to an intraday high of $0.5943 before pulling back to around $0.4294.

The explosive move, fueled by a listing on Upbit crypto exchange, has thrust TREE into the spotlight.

The pressing question now is whether the altcoin can sustain the momentum or if it is setting up for a sharp reversal back to previous lows.

Upbit listing drives surge

The dramatic price spike came on the back of major exchange listings that have expanded TREE’s accessibility to traders worldwide.

Precisely, South Korea’s Upbit has today revealed it would list TREE in the KRW, BTC, and USDT markets, with trading support officially starting at 4:00 PM KST.

Earlier, on August 8, Bithumb also added TREE to its KRW market, opening the floodgates for Korean retail and institutional demand.

In July, Binance announced it was adding TREE as loan collateral, sparking an immediate surge in trading activity.

According to market data, TREE’s 24-hour volume ballooned by more than 1000% to $306 million, highlighting just how quickly liquidity rushed into the token once new on-ramps became available.

TREE finds momentum: from lows to highs in days

The listings come at a time when Treehouse has been steadily building its ecosystem.

The project, a decentralised fixed-income protocol, allows users to deposit assets such as ETH and receive tokenised versions (tAssets) that can be deployed in automated vault strategies.

TREE functions as the governance and utility token, powering predictions, fee payments, and rewards.

Its integrations with DeFi heavyweights like Aave and Compound have further strengthened its positioning.

With more than 15 exchange listings already under its belt, including Coinbase and KuCoin, Treehouse is no longer a fringe token. Instead, it is emerging as one of the more liquid small-cap assets on the market.

https://twitter.com/TreehouseFi/status/1950572601065271304

What makes the latest TREE price surge even more striking is the timing. TREE hit an all-time low of just $0.2791 on August 25, barely three days before the wave of listings and announcements.

The rebound to nearly $0.60 represents an 89% move in a single session, underscoring just how quickly sentiment around the altcoin shifted.

The price action, however, has not been entirely one-sided. After the vertical pump, TREE retraced sharply, cooling off from its peak to around $0.4294.

That pullback has left traders debating whether this was merely a healthy correction before another leg higher or the beginning of a deeper reversal.

Treehouse price outlook

Analysts are now watching critical levels to determine TREE’s next move.

Should the pullback extend, the token could retest support near $0.3953, a level many traders see as pivotal for maintaining the uptrend.

On the upside, momentum traders are targeting a rebound toward $0.4842, followed by $0.5400 and possibly another push toward $0.6000 if buying pressure returns.

With Q3 launches of tAVAX and tBNB still on the horizon, Treehouse has potential catalysts that could sustain investor interest.

However, the volatility surrounding its recent listings means price swings are likely to remain sharp.

Whether TREE consolidates its recent gains or revisits its lows will depend largely on how long the listing-driven hype translates into real demand.

The post Treehouse (TREE) soars 89% on Upbit listing, can the altcoin sustain the gains? appeared first on CoinJournal.