JPMorgan Predicts $170K Bitcoin, Despite Volatility
Update: 2025-12-05
Description
JPMorgan maintains its bullish stance on Bitcoin, predicting a price surge to nearly $170,000 in the next 6-12 months. Despite recent price drops, the companys internal valuation metric remains strong, supported by a $1.4 billion reserve fund. An upcoming MSCI decision on January 15th could also impact the market. JPMorgan attributes the recent pullback to Chinas mining pressure and high energy costs, but adjusted its production cost estimate down to $90,000.
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