JPMORGAN PREDICTS BITCOIN COULD RISE TO $170K, DEPENDING ON 3 FACTORS
1. JPMorgan says Bitcoin could climb to around $170,000 within the next 6–12 months if it continues to trade in line with their gold-based valuation model.
2. Strategy isn’t selling its Bitcoin. JPMorgan notes that this is feasible because the company recently raised $1.4 billion in cash, enough to cover operating costs for roughly two years.
3. MSCI will make a decision in January on whether to remove Strategy from major indexes.
– If delisted, Strategy could face around $2.8 billion in outflows.
– If retained, both Strategy’s stock and Bitcoin could see a strong rebound.
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