🟡 JPMorgan: Bitcoin has not become digital gold — at least, not yet
JPMorgan analysts doubt BTC's status as 'digital gold'. According to them, real demand for hedge assets is currently leaning towards gold, not crypto.
🔎 What JPM said:
— In Q1, $21.1 billion flowed into gold ETFs
— Gold dominates the futures market
— Demand for BTC futures is stagnating
— Gold remains a hedge alongside CHF and JPY
⛏️ Conclusion: institutions still prefer traditional assets for insurance, rather than Bitcoin.
But remember: in the long run, BTC often mimics the behavior of gold — with a delay. And the narrative may still return to play.
We are watching the market to not miss the moment of trend change 🟡
