JPMorgan strategists have projected that Bitcoin could rise to approximately $170,000 over the next year. This optimistic forecast comes as the process of deleveraging in perpetual futures appears to be complete.
The cryptocurrency’s risk-adjusted appeal is also improving, especially when compared to the recent volatility seen in gold. According to JPMorgan, these factors position Bitcoin for significant upside potential in the near future.
This analysis highlights growing confidence among institutional investors regarding Bitcoin’s long-term value proposition.
*The post “Bitcoin Has ‘Significant Upside’ to $170K, JPMorgan Tells Clients” originally appeared on Cryptonews.*
https://cryptonews.com/news/bitcoin-has-significant-upside-to-170k-jpmorgan-tells-clients/