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JPMorgan Chase highlights Bitcoin’s undervaluation vs. gold, suggesting BTC could hit $165,000 if capital rotates from precious metals.
The bank notes Bitcoin’s volatility-adjusted correlation to gold supports ETF-driven demand amid the Fed’s ongoing rate cuts.
That’s a bold call from JPMorgan. If it happens, we might witness another historic bull run.
Even conservative banks turning bullish on BTC shows how mainstream crypto has become.