Bitcoin to $266,000? That's "unrealistic" this year but possible "over the long term," @jpmorgan analysts say. The new target is far above their ~$170,000 6–12 month upside case from last November and comes after they recently raised their long-term gold outlook to $8,000–$8,500. The view is based on bitcoin's volatility-adjusted comparison to gold.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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