JPMorgan analyst sees ‘conditional’ upside to $45,000 in Bitcoin

Nikolaos Panigirtzoglou says BTC should be trading at $45,000.
His forecast is based on gold that’s currently near the $2,000 level.
Despite recent weakness, Bitcoin is up more than 60% year-to-date.Nikolaos Panigirtzoglou – a JPMorgan analyst remains bullish on Bitcoin even though it has taken a hit in recent weeks.
A gold-based forecast for BTC
Last week, Panigirtzoglou said BTC should be trading at about $45,000. His forecast is hinged on gold that’s currently trading