Bitcoin

JPMorgan Raises Bitcoin Target to $165K Amid Debasement Trade

Published

1 month ago

October 5, 2025

JPMorgan Chase has elevated its year-end price target for Bitcoin to $165,000, highlighting the cryptocurrency’s undervaluation relative to gold and the momentum of the “debasement trade.” This bullish revision, up from an August forecast of $126,000, comes as Bitcoin surges past $120,000 and flirts with all-time highs above $125,000, driven by retail investor enthusiasm and macroeconomic shifts. Analysts attribute the potential upside to Bitcoin’s narrowing volatility gap with gold, positioning it as a compelling hedge against fiat currency erosion amid persistent inflation fears and government deficits.

The debasement trade—where investors flock to scarce assets like Bitcoin and gold to counter currency devaluation—has gained traction since late 2024, fueled by heavy inflows into spot Bitcoin ETFs that initially outpaced gold before recent catch-up flows. JPMorgan’s research, led by managing director Nikolaos Panigirtzoglou, notes that Bitcoin’s current $2.3 trillion market cap could expand by 42% to align with gold’s $6 trillion in private investments, implying the $165,000 target on a volatility-adjusted basis. This shift reverses the bank’s late-2024 view of Bitcoin as overvalued by $36,000 relative to gold, underscoring its evolving appeal as a “digital gold.”

Gold Parallels and Volatility Convergence

JPMorgan’s analysis hinges on Bitcoin’s improving risk profile. The Bitcoin-to-gold volatility ratio has dipped below 2.0, meaning BTC now requires just 1.85 times the risk capital of gold—making it more palatable for conservative portfolios. Gold’s recent rally has amplified Bitcoin’s relative attractiveness, with retail investors leading ETF purchases as a bulwark against economic anxieties, including ballooning deficits and waning central bank trust, especially in emerging markets.

While institutions have ramped up via CME futures, ETF data reveals retail dominance in the debasement surge. This dynamic mirrors historical safe-haven flows, positioning Bitcoin alongside gold amid geopolitical risks and fiat weakening.

Fed Cuts Bolster Bitcoin’s Hedge Appeal

Recent Federal Reserve actions further enhance Bitcoin’s allure. The Fed’s September 25 basis-point rate cut to 4%-4.25%—its first since December—signals a dovish path with more easing projected through 2026, supporting risk assets like crypto. Softer U.S. jobs data and expectations of additional cuts have raised odds for an October reduction, fostering liquidity that favors Bitcoin as an inflation hedge.

Though markets priced in the September move, leading to muted initial crypto reactions, the broader easing trajectory—potentially dropping rates below 3% by late 2026—could supercharge Bitcoin’s rally. Analysts note that Fed independence concerns, amplified by political pressures, amplify debasement fears, driving capital toward decentralized alternatives.

Broader Market Momentum and Bullish Echoes

Bitcoin’s ascent aligns with Q4 optimism, dubbed “Uptober” for historical gains, as spot ETFs attract billions and corporate treasuries accumulate over 6% of supply. JPMorgan’s call joins a chorus of forecasts, with Standard Chartered eyeing $200,000 and Citi at $133,000, betting on sustained ETF inflows and post-halving dynamics.

As Bitcoin challenges records amid government shutdown risks and equity rebounds, JPMorgan’s upgraded target signals institutional validation of its role in diversified portfolios. Whether it hits $165,000 hinges on debasement persistence and capital rotation from gold, but the trajectory points to Bitcoin’s deepening integration into global finance.

Disclaimer

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Bitcoin

Terra Luna Classic Burns 2.64 Billion LUNC

Published

15 hours ago

November 17, 2025

Coin Reporter Correspondent

The Terra Luna Classic (LUNC) community has delivered another powerful deflationary push, permanently removing 2.64 billion tokens from circulation in the past 16 days alone.

This surge brings the total supply burned since the community took control of the chain to well over 410 billion LUNC, marking one of the most sustained and aggressive token-burn campaigns in the entire crypto space.

Steady, Relentless Progress

The burns are fueled by a combination of the network’s built-in 0.5% on-chain tax and massive voluntary contributions from exchanges, projects, and individual holders.

Binance continues to lead by example, routing its LUNC trading fees straight to the burn address each month, while community initiatives like DFLUNC, LunaticsToken, and numerous validators keep the momentum rolling with regular large-scale sends.

The result: an average daily burn rate of approximately 165 million LUNC over the past two weeks—proof that activity on the chain remains vibrant and the deflationary flywheel is spinning faster than ever.

Growing Confidence on Chain

On-chain metrics tell the same bullish story:

Staking ratio climbing toward 16%, with nearly 1 trillion LUNC now locked by validators and delegators
Rising transaction volume and renewed interest in governance proposals
Consistent community coordination that has kept development and upgrades moving forward without central leadership

For LUNC holders, every billion burned is a concrete step toward a leaner, more valuable token—and the past 16 days have delivered that progress in abundance.

As one of the longest-running community revival stories in crypto, Terra Luna Classic continues to show that persistence, transparency, and real on-chain action can steadily turn the tide. With the burn fire clearly raging hotter, the community’s message is simple: the best chapters for LUNC are still ahead.

Disclaimer