Rising demand for Bitcoin and gold: JPMorgan analysts predict the BTC price to reach $165,000 by the end of the year

Demand for Bitcoin continues to grow amid rising gold prices and growing investor interest in alternative assets. According to analysts at JPMorgan Chase, one of the largest American banks, the price of Bitcoin could reach $165,000 by the end of this year. Experts attribute this optimistic forecast to the significant influx of capital into exchange-traded funds (ETFs) focused on gold and Bitcoin, as well as the continued undervaluation of BTC compared to the precious metal.

According to JPMorgan experts, there is a strong correlation between Bitcoin and gold in both the short-term (30-day) and long-term (annual) timeframes. This indicates that Bitcoin is gradually establishing itself as «digital gold,» becoming an increasingly attractive capital preservation tool. Amid inflation, geopolitical uncertainty, and instability in traditional markets, many corporate investors are viewing BTC as a means of asset protection and liquidity.

The bank’s analysts note that the key factor driving Bitcoin’s potential price growth is increased demand from institutional investors. Large funds and financial institutions are already beginning to include cryptocurrency in their investment portfolios, alongside gold and other valuable assets.

Furthermore, the massive buying of Bitcoin spot ETFs is exacerbating the supply shortage in the market, which, according to experts, could become a catalyst for rapid price growth. If current trends continue, the BTC price could not only reach $165,000 but even exceed it if investment flows continue to increase.

Earlier, Frank Cappelleri, founder of the analytics firm CappThesis, also stated that Bitcoin has already entered an upward rally that could lead to renewed all-time highs by the end of the year.

Thus, amid the strengthening of gold and continued interest in digital assets, Bitcoin is increasingly perceived as a strategic element of diversified investment portfolios, and its role in the global financial system continues to strengthen.