

JPMorgan reiterated its long-standing Bitcoin valuation model this week, keeping its $170,000 target intact despite recent market fluctuations. The bank’s analysts emphasized that the projection continues to draw from a volatility-based comparison between Bitcoin and gold, a framework the institution has referenced for several years. The reaffirmation arrives at a moment when the digital-asset market is recalibrating after sharp movements earlier in the quarter.
This renewed institutional commentary coincides with Bitcoin Munari entering the last hours of its fourth presale round at $0.50, a stage positioned within the project’s broader 10-round structure. The overlap has placed the presale within a wider discussion about fixed-supply assets and the models used by institutions to assess long-term valuation potential.
JPMorgan’s approach rests on the view that long-term price behavior for assets like Bitcoin is most effectively assessed through comparison with commodities that operate under fixed issuance conditions. The bank’s gold-adjusted volatility model places Bitcoin within a scarcity-driven valuation framework, emphasizing predictable supply dynamics instead of short-term speculative movement. This perspective anchors the institution’s long-term target and shapes how analysts interpret the asset’s position within broader market cycles.
That logic has resonated within conversations surrounding early-stage projects operating under similar constraints. Bitcoin Munari’s 21 million BTCM cap places it inside the group of assets whose supply path is predetermined and not subject to discretionary alteration. As institutions revisit models that prioritize scarcity, presales structured around fixed issuance — especially those nearing phase transitions — tend to receive increased scrutiny. Round 4 at $0.50 is unfolding within that context, shaping how participants interpret the project’s current pricing window.
Alongside JPMorgan’s valuation note, developments in corporate balance-sheet management have contributed to a more stable environment within the digital-asset sector. Strategy (MSTR), the largest corporate holder of Bitcoin, currently maintains 650,000 BTC and reports an enterprise-value-to-Bitcoin-holdings ratio of 1.13, a level analysts consider a buffer against forced liquidations. The company has also established a $1.44 billion reserve intended to cover dividend and interest obligations for at least twelve months, with internal plans to extend that coverage to twenty-four.
These indicators matter because they influence perceived volatility risk across the market. When large corporate holders signal that they are not in a position where asset sales are structurally required, short-term price instability tends to moderate. For projects such as Bitcoin Munari, which operate in defined presale stages, stable market conditions can shape how participants evaluate entry points and the timing of allocation decisions.
Round 4 of the Bitcoin Munari presale concludes today, marking the final opportunity to access BTCM at $0.50 before the distribution advances to its next phase. The round falls within the project’s 10-stage presale structure and is set against a $6.00 benchmark valuation. All presale allocations unlock at the Solana SPL deployment, and no vesting requirements apply.
The closing of this round has gained added relevance due to the surrounding institutional narrative. With major market actors emphasizing long-term accumulation strategies and valuation frameworks anchored in scarcity, the final hours of Round 4 have drawn heightened attention from participants assessing entry points in early-stage supply-capped projects.
The operational capacity of Bitcoin Munari’s forthcoming network relies on a validation system built to accommodate different forms of participation. At its highest level, full validation requires a 10,000 BTCM stake and dedicated hardware capable of maintaining uninterrupted node activity. These validators perform the essential work of verifying transactions and securing the chain.
A secondary path offers a lighter operational role through mobile validation. Participants providing 1,000 BTCM can run a compact Android-based client that validates signatures without storing the entire ledger. This approach broadens access to network participation, enabling users without server infrastructure to support verification processes.
For holders who prefer non-technical involvement, delegation serves as the lowest-threshold option. A minimum of 100 BTCM can be delegated to an existing validator, allowing the delegator to receive a share of staking rewards without performing node operations. During the first operational year, rewards across these pathways fall within an 18–25% APYrange, influenced by validator uptime and total network stake.
Together, these tiers create a layered participation structure that aligns with the project’s long-term decentralization objectives.
Bitcoin Munari’s technical design follows a staged progression that begins with its Solana SPL deployment and transitions to an independent Layer-1 chain through a 1:1 migration bridge. The forthcoming mainnet integrates an EVM-compatible environment, governance mechanisms, and privacy configuration tools intended to support a broad range of applications.
Independent oversight forms a core component of the rollout. The project completed a smart-contract audit with Solidproof, underwent a separate assessment by Spy Wolf, and finalized identity verification through Spy Wolf KYC. External coverage from Token Empire examined how these components align with the project’s transition from presale to operational phases.
Institutional valuation frameworks, strengthened corporate positioning, and renewed emphasis on fixed-supply models have shaped the current digital asset landscape. Bitcoin Munari’s fourth presale round concludes today at $0.50 within that environment, marking a defined point where scarcity-based narratives intersect with early-stage market participation.
Website: official Bitcoin Munari website
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