NewsBTC
3 October 2025
7 0

JPMorgan Predicts Bitcoin Reaching $165K Amid Uptober Momentum

JPMorgan's Bitcoin Forecast:

  • JPMorgan predicts $BTC could reach $165K, citing gold's performance and the 'debasement trade'.
  • The firm suggests Bitcoin can follow gold's path as a hedge against currency debasement.
  • Since late 2024, spot Bitcoin ETFs have seen substantial retail inflows, adding 605.18K BTC from November 2024 to September 2025.
  • Bitcoin is currently underpriced by approximately $45K compared to gold.

Current Market Trends:

  • Despite the U.S. government shutdown, Bitcoin has surged past $120K, demonstrating market resilience.
  • Historically, when Bitcoin gains dominance, capital often rotates into altcoins for greater returns.

Prominent Altcoin Opportunities:

  1. Bitcoin Hyper ($HYPER):
    • Claims to be the first real Bitcoin Layer 2 solution.
    • Enables fast transactions with minimal fees using Solana’s Virtual Machine.
    • Raised over $21M in presale; tokens priced at $0.013045.
  2. Best Wallet Token ($BEST):
    • Aims to enhance Web3 wallet functionality with features like presale access and portfolio tracking.
    • Token powers reduced transaction fees and staking rewards; raised $16.2M so far.
  3. Aster ($ASTER):
    • High-volume decentralized exchange (DEX) operating on multiple blockchains.
    • Processed $89B in perpetual trades over the last 24 hours; market cap at $3.2B.

Note: This summary is not financial advice. Conduct your own research before investing.