{"id":34366,"date":"2021-01-05T13:59:05","date_gmt":"2021-01-05T11:59:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34366"},"modified":"2025-08-28T20:09:06","modified_gmt":"2025-08-28T17:09:06","slug":"jpmorgan-forecasts-bitcoin-at-146000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-forecasts-bitcoin-at-146000\/","title":{"rendered":"JPMorgan forecasts Bitcoin at $146,000"},"content":{"rendered":"<p>The investment bank JPMorgan named a theoretical long-term target for Bitcoin&#8217;s price \u2014 $146,000. Analysts say that Bitcoin&#8217;s image as an alternative to gold will make the first cryptocurrency even more popular.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">JPMorgan sees Bitcoin at $146,000 as long-term price target <a href=\\\"https:\/\/t.co\/fYcsh7LpFc\\\">https:\/\/t.co\/fYcsh7LpFc<\/a><\/p>\n<p>\u2014 Bloomberg Crypto (@crypto) <a href=\\\"https:\/\/twitter.com\/crypto\/status\/1346395569422524417?ref_src=twsrc%5Etfw\\\">January 5, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The bank stressed that this would require a convergence of Bitcoin and gold volatility metrics. The adoption driver, JPMorgan argues, will be the millennial generation.<\/p>\n<blockquote>\n<p>&#8220;In our view, this is a multi-year process.&#8221;<\/p>\n<\/blockquote>\n<p>The forecast was developed on the basis of a theoretical Bitcoin capitalization assuming inflows of funds currently held in gold-based ETFs and bullion.<\/p>\n<p>Analysts noted outflows from such ETFs and inflows into Grayscale funds since October 2020.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a>&#8216;s competition w\/gold has already started as evidenced by >$3bn of inflows into Grayscale Bitcoin Trust &#038; >$7bn of outflows from Gold ETFs since Oct, JPM says: Competition w\/gold as alternative currency will continue given millennials will become over time more important. <a href=\\\"https:\/\/t.co\/lkXmDIN9e4\\\">pic.twitter.com\/lkXmDIN9e4<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a href=\\\"https:\/\/twitter.com\/Schuldensuehner\/status\/1346200375871856649?ref_src=twsrc%5Etfw\\\">January 4, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier, the holding company said that institutional investors would bring up to $600 billion into Bitcoin.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"mvlvFLgI93\\\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-institutional-investors-could-pour-up-to-600-billion-into-bitcoin\">JPMorgan: institutional investors will bring up to $600 billion into Bitcoin<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u00abJPMorgan: \u0438\u043d\u0441\u0442\u0438\u0442\u0443\u0446\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u044b\u0435 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u044b \u043f\u0440\u0438\u043d\u0435\u0441\u0443\u0442 \u0432 \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043e $600 \u043c\u043b\u0440\u0434\u00bb \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/news\/jpmorgan-institutsionalnye-investory-prinesut-v-bitkoin-do-600-mlrd\/embed#?secret=wPfLdsormY#?secret=mvlvFLgI93\\\" data-secret=\\\"mvlvFLgI93\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/guggenheim-partners-forecast-bitcoin-to-reach-400000\">Another bold prediction in December was made by<\/a> the investment director of Guggenheim Partners, Scott Minerd \u2014 $400,000.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan has named a theoretical long-term target for Bitcoin&#8217;s price \u2014 $146,000. Analysts say that the image of Bitcoin as an alternative to gold will make the first cryptocurrency even more popular.<\/p>\n","protected":false},"author":1,"featured_media":34367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,229],"class_list":["post-34366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34366"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34366\/revisions"}],"predecessor-version":[{"id":34368,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34366\/revisions\/34368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34367"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}