Bitcoin Magazine JPMorgan Says Bitcoin Price Undervalued Relative to Gold, Sees Path to $165K

Bitcoin could be undervalued compared to gold, according to new research from JPMorgan, which says the world’s largest cryptocurrency has “significant upside” if the so-called “debasement trade” continues to gather momentum.

The bank’s analysts estimate bitcoin could climb as high as $165,000 — roughly 40% above current levels — based on volatility-adjusted comparisons with gold. The calculation reflects the amount of capital needed to hold bitcoin versus gold and comes at a time when demand for both assets is surging.

“The steep rise in the gold price over the past month has made bitcoin more attractive to investors relative to gold, especially as the bitcoin-to-gold volatility ratio keeps dri

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