Bitcoin Could Surge to 165,000 as Gold Comparison Sparks Interest: JPMorgan

Key Highlights Bitcoin ETF inflows signal growing investor confidence Gold remains strong but may drive investors to Bitcoin Theoretical Bitcoin value hits 165000 based on trends Bitcoin Shows Potential to Reach 165000 Compared to Gold Bitcoin is significantly undervalued relative to gold, suggesting potential growth to $165,000 by the end of 2025, according to a report from JPMorgan ￰0￱ Capital Inflows Highlight Growing Investor Interest JPMorgan Chase notes that capital inflows into gold and Bitcoin ETFs have surged in recent ￰1￱ data supports this ￰2￱ ETFs have seen weekly net inflows between $1.8 billion and $4.2 billion since late August 2025 ￰3￱ September 2025, gold ETFs recorded approximately $13.6 billion in ￰4￱ Bitcoin ETFs saw net inflows of $3.53 billion during the same ￰5￱ activity suggests that Bitcoin may be subtly undervalued relative to ￰6￱ Chase reports that Bitcoin's volatility index against gold has fallen below 2, meaning Bitcoin could attract nearly twice the risk capital of ￰7￱ Valuation and Market Correlation Taking this into account, Bitcoin’s market capitalization would need to grow by 42% to match $6 billion of private gold investment, implying a theoretical valuation of $165,000.

However, the report notes that Bitcoin was overvalued at the end of ￰8￱ two assets remain correlated in the short term (30 days) and long term (365 days), while the 90-day moving average still indicates an inverse ￰9￱ show gold has outperformed Bitcoin since mid-August ￰10￱ of market fluctuations, gold hit a new all-time high, while Bitcoin briefly ￰11￱ Bitcoin recovered, gold became a less attractive investment, increasing demand for the world’s first cryptocurrency, JPMorgan Chase emphasized.