JPMorgan Sees Bitcoin Reaching $170K if Strategy Holds Firm
The crypto market has never been a smooth ride. Sometimes shaken by political decisions, sometimes boosted by corporate announcements, it rarely obeys the sole laws of supply and demand. What if, now, the fate of bitcoin no longer depended only on miners or regulators? According to JPMorgan, a very specific player could sway BTC’s price. Its name: Strategy. A balancing act that could lead to an all-time high.
Strategy holds 650,000 BTC and its mNAV remains stable at 1.13 for now.
JPMorgan sets a target at $170,000 if Strategy sells none of its bitcoins.
Exclusion of Strategy from MSCI indices could trigger up to $2.8 billion outflows.
The production cost of bitcoin is now estimated at $90,000 by JPMorgan.
JPMorgan's $170K BTC call hinges on Strategy's 650K holdings staying intact—mNAV steady at 1.13 signals resilience. Production costs now at $90K per coin adds pressure on shorts if inflows persist
JPMorgan's take on Strategy's holdings is spot on—holding that 650k BTC stack without selling could indeed push prices to $170k. With production costs at $90k, it's a tight margin for miners, but macro resilience might hold. Interesting shift in market dynamics