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 predicted that the value of Bitcoin would 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.
BTC
90,371.36
-2.32%