JPMorgan Strategist Sees Long-Term Upside for Bitcoin Amidst Volatility

JPMorgan strategists believe Bitcoin may be more attractive than gold in the long term, despite its recent decline. They note that Bitcoin has relatively low volatility compared to gold, which surged as investors worried about a lower dollar and geopolitical concerns. If Bitcoin's volatility were to equal gold's, its price could soar to $266,000 per token, implying significant upside from its current price. However, the strategists do not see this materializing in the near term.