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529 Bitcoin Could Reach $165K Based on Gold's Record Run: JPMorgan

CoinDesk
Will Canny @ CoinDesk · today 08:51 EDT

Bitcoin Could Reach $165K Based on Gold's Record Run: JPMorgan

Banking giant JPMorgan says bitcoin (BTC) could climb to around $165,000 on a volatility-adjusted basis relative to gold, highlighting what the bank sees as significant upside if the so-called “debasement trade” continues to gain momentum. The Wall Street lender’s models suggest that bitcoin would need to rise about 40% from current levels to match the scale of private gold holdings once risk is accounted for.The world's largest cryptocurrency was trading around $119,000 at publication time.The debasement t

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