Why JPMorgan says bitcoin could rocket to $170,000 in the coming months [Business Insider]
JP Morgan Chase & Co. (JPM)
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Source: Business Insider
Have an account? Log in Bitcoin could potentially hit $170k in the next year if it trades like gold, JPMorgan strategists said. The bank has floated the idea that bitcoin trades in line with the precious metal for the last few years. Bitcoin's price will depend largely on what happens in the near-term with Strategy, the firm said. Bitcoin may be mired in a bear market, but there's a case for the token to rocket to $170,000 sometime in the next 12 months. JPMorgan said it saw the crypto potentially climbing 84% over the next six to 12 months, citing a projection from its model that assumes bitcoin will trade similarly to the price of gold. "Our volatility-adjusted bitcoin comparison to gold metric continues to imply a theoretical bitcoin price of close to $170k, suggesting significant upside for bitcoin over the next 6-12 months," a team of strategists led by Nikolaos Panigirtzoglou wrote in a client note on Wednesday. Such a rally would come on the back of a difficult f
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News
- Vivek Ramaswamy's Strive Sends Out A Warning Letter To MSCI Over Its Proposal To Shun Bitcoin Treasuries From Indexes [Forbes]Forbes
- From Madoff To Epstein: How JPMorgan Chase Kept Turning A Blind Eye [Forbes]Forbes
- JPMorgan favors PulteGroup and Toll Brothers in 2026. Here's why [CNBC]CNBC
- Jack Mallers announces IPO plans after JPMorgan closes his accounts [Yahoo! Finance]Yahoo! Finance
- Why JPMorgan says bitcoin could rocket to $170,000 in the coming months [Yahoo! Finance]Yahoo! Finance
JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/4/25 - Form 424B2
- 12/4/25 - Form 424B2
- 12/4/25 - Form 424B3
- JPM's page on the SEC website