JPMorgan Chase & Co. projects a staggering market cap of $3.5 trillion for Bitcoin, driven by surging institutional investment and strategic investments in exchange-traded funds (ETFs), according to regulatory filings dated September 30. This forecast highlights the growing institutional adoption of Bitcoin as “digital gold,” which is set to significantly impact BTC’s future valuation amid stable market conditions post-deleveraging. The bank’s SEC filings reveal a significant increase in Bitcoin ETF holdings, signaling renewed institutional interest. 64% rise in ETF allocations according to official filings fuels these forecasts. Field research by JPMorgan, led by strategist Nikolaos Panigirtzoglou, estimates a market cap of $3.5 trillion for Bitcoin. Official regulatory filings confirm this surge. This forecast reflects increased institutional confidence in Bitcoin and suggests it could rival gold in market cap. The report highlights the potential for digital assets to become a significant asset class. Market research indicates renewed liquidity following deleveraging activity, which could stabilize Bitcoin prices. JPMorgan’s strategic allocations signify growing institutional trust in digital assets. 2023’s Bitcoin ETF data analysis has indicated renewed liquidity and a post-deleveraging recovery. Nikolaos Panigirtzoglou, Managing Director and Strategist at JPMorgan, notes that most deleveraging activity is now complete, with the futures open interest ratio remaining a key indicator for short-term price direction.