According to the source, JPMorgan says Bitcoin (BTC) could reach 165,000 dollars if it tracks gold’s record-setting run, with the projection anchored to relative performance versus gold; source: JPMorgan analysis as cited by the source. The call frames 165,000 as a scenario-based upside reference rather than a time-bound forecast, implying the target depends on BTC mirroring gold’s trajectory; source: JPMorgan analysis as cited by the source.