Bitcoin is expected to outperform gold in late 2025, according to analysts. According to PANews, analysts at JPMorgan indicated that Bitcoin's performance may continue to surpass gold in the second half of 2025, driven by weaker gold prices and shifts in capital flows. The report highlights that companies like MicroStrategy are continuously buying Bitcoin, and that several U.S. states, including New Hampshire, are integrating Bitcoin into their strategic reserves, allowing for an allocation of up to 5% of cryptocurrency assets. Additionally, the maturity of the cryptocurrency derivatives market and the clarity of regulatory frameworks are attracting institutional participation.