#BTC Why Bitcoin Will Outperform Gold in 2025. JPMorgan's Forecast.

For what reasons does the major bank believe that Bitcoin is more promising than gold and why the first cryptocurrency is compared to the precious metal.

In 2025, the price of gold showed one of the strongest growth dynamics. Since the beginning of January, the asset has grown by more than 22%, outperforming major stock market indices that track the prices of American companies — S&P 500 and NASDAQ100, which showed growth of up to 2% during the same period, according to TradingView data as of May 16. At the same time, Bitcoin grew by 11%, reaching $104.1 thousand.

"We expect that the zero-sum game between gold and Bitcoin, which started at the beginning of the year, will continue until the end of the year, but we believe that the catalysts for cryptocurrency will create a greater potential for Bitcoin's growth compared to gold in the second half of the year," JPMorgan noted.

A zero-sum game is a term from game theory where the gain of one party or group is balanced by the loss of another.

"From mid-February to mid-April, gold grew at the expense of Bitcoin [zero-sum game], while in the last three weeks we observed the opposite, namely the growth of Bitcoin at the expense of gold," The Block quotes the report.