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

JPMorgan analysts have projected that Bitcoin (BTC) could reach a fair value of $170,000 within the next six to twelve months, based on its historical valuation relative to gold. In a recent note, strategist Nikolaos Panigirtzoglou and his team indicated that the recent downturn in the crypto markets, largely attributed to liquidations in perpetual futures, has passed, paving the way for potential upside. They point out that Bitcoin is currently undervalued compared to gold, with a need for its market cap to grow by two-thirds to align with the $6.2 trillion private investment base in gold. This assessment indicates a shift in investor behavior, where Bitcoin may be viewed as a more attractive hedge against risks posed by equities due to rising gold volatility. While concerns regarding U.S. banking liquidity were addressed, the analysts believe the situation is improving, facilitating a favorable environment for risk assets, including Bitcoin.

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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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