🚀 **JPMorgan Predicts Bitcoin Could Hit $170,000: Why It's Still Undervalued** 🔥

JPMorgan analysts, led by Nikolaos Panigirtzoglou, recently suggested that Bitcoin appears significantly undervalued when compared to gold on a volatility-adjusted basis. Their analysis estimates Bitcoin's "fair value" or theoretical price could reach around $170,000 within the next 6-12 months.

Here are key factors driving this bold prediction:

🔸 JPMorgan views Bitcoin as a "risk asset" and store of value, similar to gold.

🔸 Private sector investment in gold, including ETFs, bars, and coins, totals approximately $6.2 trillion.

🔸 Historically, Bitcoin's higher volatility attracts about 1.8 times more risk capital allocation in investor portfolios than gold.

🔸 At the time of their analysis, with Bitcoin's market cap nearing $2.1 trillion, its exposure needed to increase by about 67% to achieve risk-adjusted parity with gold.

Considering these points, BTC seems inexpensive relative to gold's performance. While crypto remains a volatile asset class susceptible to macro events, regulation, or sentiment shifts, a major institution like JPMorgan highlighting BTC as undervalued with significant growth potential is noteworthy.

What are your thoughts on this prediction?

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