JPMorgan Maintains Bitcoin Price Forecast Despite Recent Decline

According to ChainCatcher, despite the recent significant drop in Bitcoin prices, Wall Street bank JPMorgan remains firm in its prediction that Bitcoin's theoretical price will approach $170,000 within the next six to twelve months. JPMorgan analysts emphasize that strategy is a key driver for Bitcoin, with the company holding a $1.4 billion reserve fund to mitigate the risk of Bitcoin sell-offs. They also highlight the MSCI index decision on January 15 as an asymmetric catalyst.