JPMorgan: Bitcoin is Dominating in the Long-Term Race Against Gold

In a recent report, the analysis team of #JPMorgan led by CEO Nikolaos Panigirtzoglou provided a positive outlook on the long-term prospects of the cryptocurrency market. According to them, the strategy of "inflation hedge investment" – where investors choose between gold or bitcoin to protect their assets from the depreciation of fiat currency – has now become a zero-sum game, in which bitcoin is increasingly gaining ground.

Data from mid-February to mid-April showed that gold prices rose while bitcoin corrected. However, in the past three weeks, this trend has reversed: bitcoin has surged strongly while gold has stagnated. This indicates that risk-hedging capital is gradually shifting towards digital assets.

JPMorgan believes that the competition between gold and bitcoin will continue until the end of 2025. However, they lean towards the scenario where bitcoin will outperform in the long term due to specific factors driving the crypto market such as:

Strong institutional capital flows, especially after the approval of spot bitcoin ETFs.

The recent halving cycle is gradually having a positive impact on prices.

Growing confidence in bitcoin's role as a store of value asset in the digital age.