JPMorgan's Bullish Outlook on Bitcoin
JPMorgan has stated that Bitcoin is currently undervalued when compared to gold and forecasts a potential climb to $170,000 within the next six to twelve months. This prediction follows a significant market correction that led to substantial liquidations in recent weeks. Strategist Nikolaos Panigirtzoglou noted that the deleveraging process in crypto derivatives, particularly Bitcoin perpetual futures, appears to be largely complete, which could pave the way for renewed upside momentum for the cryptocurrency.
The investment bank further drew a parallel between Bitcoin and gold on a risk-adjusted basis, assuming Bitcoin possesses approximately 1.8 times more risk capital than gold. Based on this comparison, JPMorgan suggests that Bitcoin's market value would need to increase by roughly two-thirds to match gold's $6.2 trillion in private investment across ETFs, bars, and coins. This valuation implies a fair value price for Bitcoin around $170,000.
As of 3:11 a.m. EST, the Bitcoin price experienced a 1% decrease in the past 24 hours, trading at $101,906.26, according to data from CoinMarketCap.
Ark Invest Revises Bitcoin Price Target
Conversely, Cathie Wood's Ark Invest has signaled a slightly more conservative long-term outlook for Bitcoin. In a recent interview, Wood revised her firm's 2030 Bitcoin price target downwards from $1.5 million to $1.2 million. This adjustment is attributed to the increasing use of stablecoins for payments, a role previously anticipated for Bitcoin.
🚨 CATHIE WOOD ON CNBC: “Institutional investors have only dipped their toe into #Bitcoin.”
Trillions in global capital haven’t even entered the market yet.
When they do… the wave will be unstoppable ⚡️ pic.twitter.com/47wHypt5Q4— COACHTY (@TheRealTRTalks) November 7, 2025
"Stablecoins are usurping part of the role we thought Bitcoin would play," Wood stated. "Given what's happening to stablecoins—serving emerging markets in the way we thought Bitcoin would—I think we could take $300,000 off of that bullish case."
When questioned about further revisions to her firm's price target should stablecoins continue to gain traction as payment currencies, Wood reiterated her belief that Bitcoin, as "digital gold," could capture half of the gold market or at least become comparably sized. She emphasized Bitcoin's advantage as a "new asset class," contrasting it with stablecoins which she described as merely digital cash. Wood concluded, "Bitcoin is a global monetary system. It is the lead in a new asset class and it's a technology all wrapped in one. I think the whole [crypto] space gets bigger."
The Rise of Stablecoins and Institutional Interest
Wood highlighted that major players in the payments sector, including PayPal and Visa, along with companies like Meta and Amazon, are increasingly entering the stablecoin market. The market capitalization of the stablecoin sector has surpassed $300 billion this year, according to data from DefiLlama. This growth has been notably accelerated since U.S. President Donald Trump signed the GENIUS Act into law in July, establishing a regulatory framework for the industry.
Related News
- •Spanish Research Institute To Sell Forgotten $10K Bitcoin Stash Now Worth $10M
- •Coinbase Presses Treasury To Heed Congressional Intent On GENIUS Act
- •Bitcoin Price Prediction: Samson Mow Says The Bitcoin Bull Run Hasn’t Started Yet