A recent report from JPMorgan highlights a potential upside for Bitcoin, predicting it could reach $170,000 based on analyzing its volatility compared to gold. The bank’s analysis suggests that Bitcoin’s high-risk level is driving investor interest as volatility in the precious metal rose to record highs in October. This comparison led to a bitcoin-to-gold volatility ratio of 1.8, meaning Bitcoin requires 1.8 times more risk capital compared to gold. JPMorgan’s model predicts this increased risk will lead to Bitcoin’s market cap potentially rising by around 67%, suggesting a theoretical price point of around $170,000. However, the report comes amidst contrasting predictions from other experts, some of whom have lowered their expectations for Bitcoin’s future.