JPMorgan Sees Bitcoin Outperforming Gold by $140,000

JPMorgan's strategists believe that Bitcoin can outperform gold in the coming months. According to their model, which adjusts for volatility, the theoretical value of BTC is near $170,000.

The bank's reasoning stems from a comparison between the two assets on a volatility-adjusted basis over several cycles. Their notes have placed the theoretical value of BTC significantly above its current price.

JPMorgan's shift in stance comes as gold has seen significant gains due to central banks and the debasement trade, which relies on the erosion of fiat currency values.