JPMorgan Bank: Bitcoin will rise to $170,000 in the coming months and will trade like gold.
JPMorgan Bank stated that the price of Bitcoin is likely to rise to $170,000, expecting that the cryptocurrency will trade in the future in a manner similar to gold, despite the recent decline and its stabilization around $90,000.
The bank expects that the value of Bitcoin will increase by about 84% over a period of 6 to 12 months, based on an analytical model indicating that the currency exhibits behavior similar to gold movements when adjusting comparisons according to volatility levels.
A team of bank strategists led by Nikolaos Panigirtzoglou wrote in an analytical note: "The comparison of Bitcoin adjusted for volatility with gold indicates a theoretical price of about $170,000, reflecting the potential for a significant rise in the coming months".#BTC
This comes after a difficult period for Bitcoin, as it entered a bear market amid a wave of risk aversion and increasing concerns about interest rate trends in 2026, in addition to fears related to the series of crises facing Strategy, the Bitcoin treasury founded by Michael Saylor.$BTC
The bank noted that its forecasts are not new, as it has long suggested that Bitcoin would trade in a manner similar to gold in the long term. This correlation became clear last April when fears of tariffs led to a wide sell-off in U.S. stocks, matched by an investment influx into Bitcoin and other cryptocurrencies as an alternative safe haven.$BTC
