In a recent panel during Binance Blockchain Week, Peter Schiff and CZ clashed over the Bitcoin versus gold debate. Schiff argued Bitcoin relies on speculation while CZ highlighted its global usage. JPMorgan introduced a new model linking Bitcoin’s valuation to gold, estimating a theoretical value of $170,000. Bitcoin’s recent price drop led to a trading value of $89,251.43. JPMorgan also predicted a long-term target of $240,000 for Bitcoin and offered a structured product tied to BlackRock’s iShares Bitcoin Trust ETF. Concerns over Michael Saylor’s Strategy were addressed, with minimal impact expected.

Read more at Yahoo Finance: JPMorgan reveals new Bitcoin price if it trades like gold