JPMorgan Flags 42% Bitcoin Upside, Sees $165K as Gold Rivalry Heats Up
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JPMorgan is signaling a major opportunity in Bitcoin, projecting a rise to $165,000 by year-end and highlighting its growing rivalry with gold.
According to the bank’s analysis, bitcoin has swung from being overvalued to deeply undervalued, creating a potential 42% surge in its market cap to match gold’s investment footprint.
The key driver is the falling volatility ratio between the two assets, making Bitcoin a more compelling risk-adjusted alternative.
“This mechanical exercise thus could imply significant upside for Bitcoin,” the analysts wrote. The call comes as retail investors lead a “debasement trade,” pouring into both assets as a hedge against fiscal and monetary concerns.
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