JPMorgan Forecasts Bitcoin to Reach $170,000 in 6-12 Months

Investment bank JPMorgan predicts a surge for Bitcoin, estimating its price could reach $170,000 within the next six to twelve months. This forecast is driven by growing institutional investment and increased demand from Bitcoin ETFs. The prediction reflects a significant shift in Wall Street’s view of Bitcoin as a potential alternative to traditional assets like gold or a hedge against inflation.