CoinVoice has recently learned that, according to The Block, JPMorgan analysts suggest that driven by corporate purchases and increased support from various 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%, while Bitcoin has risen 18% during the same period.
Analysts indicate that this shift is also evident in investor flows; over the past three weeks, funds have flowed out of gold exchange-traded funds (ETFs) and into spot Bitcoin and cryptocurrency funds. [Original link]