Bitcoin Could Hit $170,000 Soon, Says JP Morgan

JPMorgan strategists say Bitcoin looks undervalued versus gold after a 20% drop in October caused by futures deleveraging and a $128 million DeFi hack.

By Vast Stallion · March 16, 2026 · 1 min read

Bitcoin Could Hit $170,000 Soon, Says JP Morgan

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Source: Bitcoin Magazine

JPMorgan strategists say Bitcoin looks undervalued versus gold after a 20% drop in October caused by futures deleveraging and a $128 million DeFi hack.