🚀🚀🚀 JPMorgan Predicts Bitcoin Could Hit $170,000 This Year - Here’s Why They Say It’s Still Undervalued 🔥 Few weeks ago, JPMorgan's analysts led by Nikolaos Panigirtzoglou dropped a major note arguing that Bitcoin looks significantly undervalued compared to gold on a volatility adjusted basis. They estimated Bitcoin's "fair value" or theoretical price could reach around $170,000 within the next 6-12 months from that $100k. Here are some factors influenced this bold prediction: 1. JPMorgan compares Bitcoin to gold as a "risk asset" or store of value. 2. Private sector investment in gold "ETFs, bars, coins" sits at roughly $6.2 trillion. 3. Bitcoin, being more volatile, historically attracts about 1.8 times more risk capital allocation than gold in investor portfolio. 4. At the time ($BTC market cap nears $2.1 trillion), Bitcoin's exposure needed to rise by about 67% to align with gold's risk adjusted parity. After due consideration of these factors, BTC appears to be cheap relative to gold's performance. Of course, crypto remains a volatile asset class, markets can shift fast on macro events, regulation, or sentiment. But when a giant like JPMorgan frames BTC as undervalued with big room to run, it's hard to ignore. What do you think about this prediction? #WhenWillBTCRebound #Ernestacademy #PreciousMetalsTurbulence