JPMorgan Predicts Bitcoin to Reach $170K in 6-12 Months

Investment giant JPMorgan has predicted a significant surge for Bitcoin, forecasting its price to reach a staggering $170,000 within the next six to twelve months. This prediction is based on several factors including reduced volatility compared to gold and consistent inflow of ETFs into the cryptocurrency market. Analysts from JPMorgan’s Global Markets Strategy team believe this increase will reflect in global markets and have significant implications for investors.