JPMorgan Bets on #bitcoin
Greater Upside Potential than Gold in the Second Half of 2025
JPMorgan, one of the most influential banking giants, has predicted that Bitcoin will surpass gold in terms of upside potential during the second half of 2025.
The analysts, led by Nikolaos Panigirtzoglou, highlight several specific catalysts within the crypto ecosystem that will drive Bitcoin, including the growing corporate interest and support from U.S. states, such as Arizona, that are considering including Bitcoin in their strategic reserves.
The report notes that debasement trading (hedge against the devaluation of fiat currencies) has benefited both gold and Bitcoin, but since April 2025, Bitcoin has gained ground, rising 18% while gold fell 8%.
Additionally, the maturation of the crypto derivatives market, with acquisitions like Deribit by Coinbase and licenses for Gemini in Europe, is attracting greater institutional participation.
JPMorgan sees #BTC as the main beneficiary of these dynamics, consolidating its narrative as "digital gold" against a backdrop of weakened gold prices, which could propel its value in the coming months.
