On May 15, PANews reported that JPMorgan analysts stated that as gold weakens and capital flows change, Bitcoin may continue to outperform gold in the second half of 2025. Institutions pointed out that companies like MicroStrategy are continuously purchasing Bitcoin, and several U.S. states have included it in their strategic reserves, such as New Hampshire allowing up to 5% of asset allocation in Bitcoin. In addition, the maturity of the crypto derivatives market and clear regulations have also attracted institutional participation.
