ETFs are attracting more and more capital. JP Morgan sees the capitalization of bitcoin quadrupling over the next two years.

JP Morgan sees $280,000 for a bitcoin

According to a JP Morgan analyst, Bitcoin ETFs could suck up to $220 billion over the next three years.

Which means the price of BTC could quadruple to $280,000, the analyst said in a research paper published on Wednesday. All bitcoins would then weigh 5,500 billion dollars.

This figure would represent a little less than half of the capitalization of gold. Currently, bitcoin needs an increase of around 1000% to match it. Which won't be too long if we are to believe Michael Saylor.

Blockstream CEO Adam Back said this Tuesday that we should already be at $100,000. Notably because the true ATH of bitcoin is now around $79,000 if we take inflation into account.

There is indeed a good chance that we will reach this famous $100,000 before the end of the year. Net inflows have indeed just exceeded one billion dollars for the first time.