According to PANews, analysts at JPMorgan have indicated that Bitcoin may continue to outperform gold in the latter half of 2025, driven by weakening gold prices and shifts in capital flows. The report highlights that companies like MicroStrategy are consistently purchasing Bitcoin, and several U.S. states, including New Hampshire, are incorporating Bitcoin into their strategic reserves, allowing up to 5% asset allocation in the cryptocurrency. Additionally, the maturation of the crypto derivatives market and clearer regulatory frameworks are attracting institutional participation.