By Editorial Staff 
JPMorgan has raised its valuation target for Bitcoin, predicting the cryptocurrency could climb to $165,000. The forecast implies a 42% gain from its current price of about $119,000, with the bank pointing to declining volatility and rising institutional inflows as key drivers.
Key Highlights:
- JPMorgan now values Bitcoin at $165,000, up from its current $119,000 level.
- The bank said Bitcoin’s volatility has fallen below 2.0, closer to gold’s stability.
- Bitcoin’s market cap could expand nearly $1 trillion, from $2.3 trillion to $3.3 trillion.
- Spot Bitcoin ETFs have seen daily inflows of up to $675.8 million, with assets now around $156 billion.
- Analysts see Bitcoin gaining ground as an alternative to gold.
The bank’s researchers said Bitcoin’s lower volatility has made it more comparable to gold, which could encourage institutional investors to view it as a credible portfolio asset. They argued that the narrowing gap between gold and Bitcoin has strengthened the case for Bitcoin as a store of value.
Rising gold prices have further widened what JPMorgan sees as Bitcoin’s “fair value gap.” Analysts noted that Bitcoin is gaining traction as a substitute for gold, even as some traditional gold advocates continue to criticize its performance.
Another factor underpinning the bullish outlook is strong demand for Bitcoin exchange-traded funds. U.S. spot ETFs have attracted hundreds of millions in daily inflows, bringing total assets under management to about $156 billion, a level JPMorgan said puts the crypto market in line with some of the largest gold-backed funds.
The bank’s fair value model suggested Bitcoin remains overvalued by roughly $50,000 at today’s price. But as its volatility and market capitalization converge with gold, analysts projected it could move toward the $160,000–$165,000 range.
JPMorgan said the trend also reflects growing confidence among major financial players, who increasingly regard Bitcoin as a form of “digital gold.”
Opeyemi Quadri