The sharp volatility on December 5th surely made many people sweat. But just as the market was sinking into anxiety, an unexpected voice came from Wall Street.

JPMorgan’s latest research report offered a bold figure: using a volatility-adjusted gold parity model, they calculated Bitcoin’s theoretical value to be around $170,000. If this model is reliable, then the current price is just a little over half of that, and there’s still 84% upside potential in the next 6 to 12 months.

To be honest, this kind of prediction sounds very tempting, but the market never follows the script. The strategy team did emphasize the long-term value potential, but no one can predict short-term fluctuations. At this level, some people see it as a great buying opportunity, while others worry it’s a bull trap.

What do you think? How credible are these big institutions’ prediction models? Or is the risk of getting in now just too high? Let’s share our thoughts—maybe we’ll spark some new ideas.