Wall Street heavyweight doubles down on its call. JPMorgan just reaffirmed its Bitcoin-versus-gold valuation model, projecting BTC could surge to $170K within the next twelve months.

The bank isn't backing away from its framework—they're holding firm on the thesis that as Bitcoin continues eating into gold's market share as a store of value, the math points toward six figures. That $170,000 price target isn't pulled from thin air; it's anchored in their cross-asset model tracking capital rotation between traditional safe havens and digital alternatives.

Interesting timing too. While markets digest macro uncertainty, institutional players like JPM seem increasingly comfortable putting hard numbers behind crypto's long-term trajectory. Whether you're bullish or skeptical, major banks publishing specific BTC targets signals something's shifting in how traditional finance views this asset class.