@emilia.fisher3: A recent report from JPMorgan Chase predicts that Bitcoin (BTC) could rise to approximately $170,000 within the next 6 to 12 months. The report, led by analyst Nikolaos Panigirtzoglou, points out that while the recent crypto market experienced a nearly 20% correction, the deleveraging phase is essentially over as leverage adjustments in perpetual futures are completed and market risks are released. The analysis suggests that rising gold volatility and declining Bitcoin volatility have significantly enhanced Bitcoin's attractiveness after risk adjustments. Currently, the Bitcoin-to-gold volatility ratio has fallen to approximately 1.8:1. Based on the scale of private gold investment, Bitcoin's total market capitalization should increase by about 67%, corresponding to a price close to $170,000. The report notes that Bitcoin is currently trading at around $103,000, still about $68,000 lower than its "fair value relative to gold." This implies that, with deleveraging completed and institutional investment interest recovering, Bitcoin may have significant upside potential over the next six months to a year. 🔍 Previously, JPMorgan Chase predicted in August and October that BTC would rise to $126,000 and $165,000 respectively, and this time the target price has been further raised to $170,000.

Emilia Fisher

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Friday 07 November 2025 03:58:31 GMT