Why JPMorgan is saying bitcoin could hit 165K, plus a look at 'Uptober'

All right, JP Morgan has predicted that Bitcoin could hit $165,000 by the end of the year. That's around 40% higher than where it currently trades. Why.Well, they coined the term the debasement trade. This is when investors and in particular retail ones flock to Bitcoin and gold as hedges against deficits, inflation, and weakening traditional currencies. And the dollar certainly has been now.Basically, the rising popularity of Bitcoin and gold reflects deeper economic anxieties. Well, since late 2024, retai ...