 Sometimes truth is stranger than fiction. If I didn't see it with my own eyes, I wouldn't believe it. J.P. Morgan just came out and said that Bitcoin could potentially reach $45K. And when I took a look at this, I had to do a double take because I didn't think it was real. But here we are. And this is from a J.P. Morgan analyst or a strategist that says with the gold price rising above $2,000, the value of gold held for investment purposes outside central banks is currently valued at around $3 trillion. This implies a $45,000 price for Bitcoin out of the assumption that Bitcoin equalizes gold in private investors' portfolios and risk capital or value-adjusted terms. J.P. Morgan considers $45K as the upper limit, which I don't think it is, indicating the limited potential for the asset beyond the increase driven by the doubling of mining or production cost. It will mechanically double Bitcoin's production cost around $40K. This is because Bitcoin's production cost has historically acted as an effective lower bound.