Bitcoin Price Could Reach $45,000, Says Jpmorgan

Jpmorgan says that the arrow bitcoin price could reach 45000 due to the rising gold price

Jpmorgan analysts link the gold price to a potential 45000 coin price due to investor preference

The current value of gold held for investment outside of central banks is around 3 trillion

The 45000 bitcoin price is an upper limit that shows limited growth beyond increased mining costs

The upcoming halving of the currency is expected to double production costs

Historical data shows that the production cost acts as a reliable lower boundary with bullish trends

The block mining rewards are reduced every four years

Jpmorgan predicts a 25 return over the next 12 months