{"id":175631,"date":"2025-10-15T16:37:24","date_gmt":"2025-10-15T13:37:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=175631"},"modified":"2025-10-15T16:37:24","modified_gmt":"2025-10-15T13:37:24","slug":"bitcoin-price-prediction-does-jpmorgans-165k-forecast-still-hold-after-fridays-pullback","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-price-prediction-does-jpmorgans-165k-forecast-still-hold-after-fridays-pullback\/","title":{"rendered":"Bitcoin Price Prediction: Does JPMorgan\u2019s $165K Forecast Still Hold After Friday\u2019s Pullback?"},"content":{"rendered":"

Bitcoin reached an all-time high (ATH) of $126,080 on October 6, as the so-called \u201cdebasement trade\u201d narrative fueled a frenzy of institutional investment. Around the same time, JPMorgan predicted that Bitcoin could reach $165,000 by the end of 2025, saying that it\u2019s currently \u201cundervalued\u201d compared to gold.<\/span><\/p>\n

But after Friday\u2019s crypto market crash, in which Bitcoin dipped below $109,000, does the idea of Bitcoin as a hedge against macroeconomic risks still hold, or is it now showing signs of being another high-beta speculative asset?<\/span><\/p>\n

Bitcoin price predictions remain bullish for the market-leading cryptocurrency, driven by its ability to stay above key structural levels despite the crash. Additionally, gold surpassed $4,200 an ounce for the first time ever on Wednesday, reflecting strong demand for hard assets outside of government control.<\/span><\/p>\n

While the outlook for Bitcoin appears bullish, seasoned crypto natives are well aware of the potential for larger returns through Bitcoin-related altcoins. One project gaining serious recognition right now is Bitcoin Hyper<\/a><\/span>, a new Bitcoin Layer 2 that has raised over $23 million in its presale.\u00a0<\/span><\/p>\n

Bitcoin\u2019s \u201cDebasement Trade\u201d Narrative Still Has Room to Run<\/b><\/h2>\n

A research paper <\/a><\/span>led by JPMorgan analysts suggested that Bitcoin is undervalued compared to gold, concluding that BTC could reach as high as $165,000 to stay in parity, based on volatility-adjusted comparisons. However, this was published when Bitcoin was rising in tandem with waning confidence in the US Dollar and growing concerns about global political stability. Has its role changed after the recent flash crash?<\/span>\u00a0<\/span><\/p>\n

In a recent interview with Decrypt, Pepperstone research strategist Dilin Wu\u00a0outlined<\/a> a potential scenario where BTC could lose its safe-haven status, but notes that without this, it is likely to remain fixated as a debasement trade.<\/span><\/p>\n

\u00a0<\/span>\u201cIf real rates climb significantly and stay high, the dollar strengthens long-term, or there\u2019s a clear outflow of institutional funds \u2013 such as large ETF withdrawals \u2013 Bitcoin\u2019s role as a debasement hedge would be reevaluated,\u201d Wu said, adding, \u201cAbsent these conditions, Bitcoin\u2019s upward momentum remains very much intact.\u201d<\/span><\/p>\n

And so given the anticipation of interest rate cuts and a weakening dollar, it appears that Bitcoin remains a viable hedge against macroeconomic risk.<\/span><\/p>\n

Meanwhile, Elon Musk, the world\u2019s richest man, made headlines yesterday by writing on X that \u201cBitcoin is based on energy,\u201d adding that governments \u201ccan issue fake fiat currency,\u201d but it\u2019s \u201cimpossible to fake energy.\u201d<\/span><\/p>\n

\u00a0<\/span>Not only does this underscore Bitcoin\u2019s key role in the debasement trade, but it suggests Musk may be considering a potential BTC purchase, which could boost bullish market sentiment.<\/span><\/p>\n

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Elon Musk, the world richest man, just said that 'bitcoin is based on energy'<\/p>\n

Governments can print fake money, but \"impossible to fake energy.\"<\/p>\n

Do you think he is lining up another BTC purchase? \ud83d\udc40 pic.twitter.com\/vi478af14A<\/a><\/p>\n

\u2014 Gordon \ud83d\udc02 (@GordonGekko) October 14, 2025<\/a><\/p><\/blockquote>\n