JPMorgan: Bitcoin Price Could Reach $165,000, Showing Strong Upside

TLDR JPMorgan predicts Bitcoin could rise to $165,000, highlighting its current undervaluation compared to gold. The bank notes that Bitcoin’s volatility relative to gold has dropped below 2.0, making it more attractive to investors. Bitcoin’s market capitalization is expected to grow by $1 trillion, reaching a valuation of $3.3 trillion. Bitcoin now consumes only 1.85 [...]

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