JPMorgan maintains its Bitcoin price forecast despite the recent decline

According to ChainCatcher, despite the significant recent drop in Bitcoin prices, JPMorgan on Wall Street remains steadfast in its prediction that the theoretical price of Bitcoin will approach $170,000 in the next six to twelve months. JPMorgan analysts emphasize that the strategy is a key driver for Bitcoin, as the company has a reserve fund of $1.4 billion to mitigate the risks of Bitcoin sales. They also highlight the MSCI index decision on January 15 as an uneven factor.