-
Bitcoin could reach $170,000 if it trades like gold, says JPMorgan strategist
The comparison, put forward by global market strategist, Nikolaos Panigirtzoglou, was made after adjusting for bitcoin's more volatile nature and was just a "theoretical" comparison intended to demonstrate the upside the cryptocurrency has. After a 12% rebound from its November lows, bitcoin (BTCUSD) edged into positive territory for the year at $93,500 in early trading Thursday. One of the main talking points around the whole investment case for bitcoin recently has been the impact of its price fall on Michael Saylor's bitcoin treasury company, Strategy (MSTR). As its market net asset value (the combined market ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
In the week ending November 29, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 27,000 from the previous week's revised level. This is the lowest level for initial claims since September 24, 2022 when it was 189,000. The previous week's level was revised up by 2,000 from 216,000 to 218,000. The 4-week moving average was ...
From barchart.com | Dec 4, 2025
JPMorgan (JPM) CEO Jamie Dimon famously called Bitcoin (BTCUSD) a “fraud” in 2017 and spent years comparing it to pet rocks, suggesting that its primary purpose is to serve scammers and money launderers. At times, his comments have sunk the Bitcoin price, with many on Wall Street looking to Dimon as a “guru” on all things finance. Now though, his company’s ...
From stocktwits.com | Dec 4, 2025
Binance CEO Changpeng ‘CZ’ Zhao called Bitcoin (BTC) a “better version of gold” on Thursday in a debate against gold bull Peter Schiff at Binance Blockchain Week. “I think gold will do well, but Bitcoin will do better,” CZ said. He highlighted Bitcoin’s digital, portable, and divisible nature, noting that while it exists only as a record on the blockchain, ...
