Bitcoin price target set at $146,000 by JP Morgan Strategist

A team of market analysts at JPMorgan told investors on Monday that Bitcoin could reach $146,000 or higher in the long run.

Led by Nikolaos Panigirtzoglou, the analysts opined that Bitcoin could become a strong competitor to gold. According to an article published by Bloomberg on January 5, Panigirtzoglou wrote:

A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term… a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.

With its current market cap of around $590 billion, Bitcoin would have to rise by at least 4.6 times to reach the theoretical price of $146,000. Considering Bitcoin’s precedence and the level of action happening around it, it doesn’t come as a surprise that such predictions are being made.

However, the analysts feel that there is too much speculation on the direction of Bitcoin in the short term. They admitted that current speculative momentum could push Bitcoin to a $50k - $100k range, but this would be unsustainable.

JPMorgan has consistently professed its pro-bitcoin stance in the last few months. This is a rather sharp turn considering the fact that Jamie Dimon, chairman and CEO of the company called Bitcoin a “fraud” in September 2017.

Check our guide of the most promising crypto

Read more

$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

Grand Cayman, Cayman Islands, July 1st, 2025, Chainwire Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled

By John Williams