Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving it a potential 42% upside. The bank highlighted that BTC’s volatility relative to gold has dropped below 2.0, making it increasingly attractive to investors. Analysts argue that the recent surge in gold prices has widened the valuation gap, suggesting Bitcoin’s fair value should be much higher.