In other words, JP Morgan is less confident about the current world situation than $BTC #比特幣 vs. #gold

According to Odaily Planet Daily, JPMorgan analyst Nikolaos Panigirtzoglou stated that the unexpected appreciation of gold prices over the past year reflects the emergence of devaluation trades. Record capital inflows into the cryptocurrency market in 2024 indicate that Bitcoin has become increasingly important in investor portfolios. Devaluation trades involve investors turning to assets like gold and Bitcoin to hedge against the devaluation of fiat currencies, which is typically driven by factors such as inflation, rising government debt, and geopolitical instability.