JPMorgan: Bitcoin's Upside Potential in the Second Half May Surpass Gold
According to The Block, JPMorgan analysts indicate that driven by corporate purchases and increased support from U.S. states, Bitcoin prices may continue to rise in the second half of this year, while gold prices may decline. Since peaking on April 22, gold prices have fallen nearly 8%, whereas Bitcoin has risen 18% over the same period. Analysts note that this shift is also evident in investor flows, with funds moving out of gold exchange-traded funds (ETFs) and into spot Bitcoin and cryptocurrency funds over the past three weeks.
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