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Bitcoin’s Fair Value Is $170K, JPMorgan Argues in Gold-Based Model

JPMorgan analysts forecast that Bitcoin (BTC) could reach $170,000 within the next six to twelve months, drawing on its historical valuation compared to gold. In a recent note, strategists indicated that the recent downturn in cryptocurrency markets, attributed mainly to liquidations in perpetual futures, has stabilized, suggesting that the worst is over. They assert that Bitcoin is currently undervalued relative to gold, with expectations of significant price appreciation ahead. With Bitcoin trading at approximately $102,000, their model posits that it should represent two-thirds of gold's $6.2 trillion private investment base, implying a substantial rise in Bitcoin’s market cap. This positions Bitcoin as a potential hedge amid increasing gold volatility, particularly as retail investor sentiment shifts. Despite fears regarding tightened banking liquidity, JPMorgan maintains that broader non-bank liquidity remains supportive of risk assets such as Bitcoin and equities.

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What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

Sports betting giants FanDuel and DraftKings are shifting their strategies to compete with rapidly growing prediction markets, which saw weekly volumes exceed $2 billion. These prediction markets are allowing users to bet on various outcomes beyond sports, including politics and financial indicators, and could be worth $95.5 billion by

What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

FanDuel and DraftKings, two titans of the sports betting industry, launched their own prediction markets in 2025 to compete with emerging leaders like Polymarket and Kalshi. Despite their entry, analysts from Bank of America expressed concern that they may be too late to make a significant impact. The prediction market

What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

In 2025, sports betting giants FanDuel and DraftKings launched their own prediction markets as a response to the growing competition from players like Polymarket and Kalshi. However, analysts from Bank of America have expressed concerns about these companies being too late to secure a significant market share, downgrading their stock

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