Financial giant JPMorgan has predicted a price surge for Bitcoin to reach $170,000 within the next six to twelve months. The prediction stems from their analysis comparing Bitcoin’s risk exposure to that of gold, suggesting it would need to appreciate significantly to match gold’s investment value. This comes as market losses have subsided, paving the way for potential growth in the crypto realm. 1, JPMorgan suggests a two-thirds increase in market value compared to gold is needed for Bitcoin to reach a fair value of $170,000. However, Cathie Wood’s Ark Invest has adjusted their long-term Bitcoin price prediction, citing the surge in stablecoin adoption as a primary factor. In recent interviews, Wood has cited that stablecoins are increasingly used for payments, potentially replacing Bitcoin in various use cases. This move has prompted them to reduce their estimated price target from $1.5 million to $1.2 million, with the potential for further adjustments if this trend continues. Ark Invest believes this shift could lead to a significant disruption within the digital asset space, possibly even equating Bitcoin’s market share to half that of gold.