JPMorgan bitcoin prediction 2026 is grabbing headlines as analysts believe Bitcoin could climb to $165,000 before the end of 2025, driven by its undervaluation compared to gold. The bank’s research team, led by Nikolaos Panigirtzoglou, points out that the bitcoin-to-gold volatility ratio has dropped below 2.0, signaling strong upside potential if Bitcoin aligns with gold’s adjusted valuation. According to the latest bitcoin prediction from JPMorgan, Bitcoin’s $2.3 trillion market cap would need to rise by about 42% to match private gold investment levels. This would imply a theoretical bitcoin price prediction 2026 of $165,000. The analysis also highlights a major shift — Bitcoin went from being $36,000 overvalued at the end of 2024 to now sitting at around $46,000 undervalued versus gold.
JPMorgan bitcoin prediction 2026 and the Debasement Trade
The surge is closely tied to what analysts call the “debasement trade.” Retail investors have been pouring into Bitcoin and gold ETFs since late 2024 due to inflation concerns, government deficits, and weakening fiat currencies. While institutional activity has been steady through CME futures, the majority of flows remain retail-led, underscoring why JPMorgan bitcoin prediction 2026 emphasizes the retail-driven upside.
JPMorgan bitcoin prediction 2026 Compared to Gold
Is Bitcoin undervalued vs gold now? Analysts believe so. The report suggests Bitcoin could be a better investment than gold in 2025, with volatility-adjusted models showing BTC has significant room to run. Many investors are asking: Bitcoin or Gold which is better 2025? JPMorgan’s view is that Bitcoin looks more attractive on a relative basis, especially as gold has already surged.
Bitcoin Price Forecast Beyond JPMorgan bitcoin prediction 2026
Other bullish calls echo JPMorgan. Some forecasts see Bitcoin reaching $200,000, while best Bitcoin price predictions 2026 range from $150,000 to $200,000 depending on ETF flows and macro conditions. For investors asking, “will Bitcoin reach $165,000 by year-end 2025?” JPMorgan’s target makes it a real possibility.
From Gold’s Shadow to Bitcoin’s Spotlight
The JPMorgan bitcoin prediction is more than just a price call — it reflects a shift in investor behavior. With heavy retail inflows, rising institutional interest, and Bitcoin positioned as an alternative store of value, the path toward $165,000 may no longer look like speculation but a realistic outcome.
