Strategists at JPMorgan Chase believe that in the long term the price of Bitcoin could exceed $146,000, Bloomberg writes.

“The displacement of gold as an ‘alternative’ currency indicates the high potential for growth in the value of digital currency in the long term,” experts say.

However, they note: “a convergence in volatility between Bitcoin and gold is unlikely to happen quickly,” so “a cryptocurrency price above $146,000 should be viewed as a long-term goal and unattainable in the coming year.”

In December 2020, Bitcoin crossed the $20,000 mark for the first time in its history. On January 2, the cost of the cryptocurrency exceeded $34,000, but on January 4 it dropped by more than 13% to about $29,000.