JPMorgan: The theoretical price of Bitcoin in the next 6-12 months will approach $170,000

Despite the recent sharp decline in Bitcoin prices, Wall Street bank JPMorgan still maintains its prediction that the theoretical price of Bitcoin will approach $170,000 within the next six to twelve months.

JPMorgan analysts point out that strategy is a key driver for Bitcoin, and the company has a $1.4 billion reserve fund to cushion the risks of selling Bitcoin, noting that the MSCI index decision on January 15 is an asymmetric catalyst.