In today's episode of "life comes at you fast," Nikolaos Panigirtzoglou and team at JPMorgan suggest bitcoin (BTC-USD) could rise to $146K if it were to match gold (XAUUSD:CUR) in terms of market capitalization. That's a mere 4.6x the current price, but about 35x from the level at which JPMorgan CEO Jamie Dimon called bitcoin a "fraud," and threatened to fire any bank employee dealing with it.Panigirtzoglou stresses that this isn't a short-term call. In fact, he says things appear quite bubbly at the current time, and he's suggesting a sizable correction may soon be at hand. For bitcoin to reach gold-like levels of market cap, says Panigirtzoglou, it's volatility will have to come down to gold-like levels, and that process could take years.Bitcoin today is about flat at $31.8K.Bitcoin is facing some regulatory headwinds in the waning days of the Trump administration, but it has defenders in high places.
