JP Morgan analysts expect Bitcoin to outperform gold for the rest of the year ...Middle East

JP Morgan analysts expect Bitcoin to outperform gold for the rest of the year.

"debasement trade" where investors buy gold and Bitcoin as a hedge against weakening international currencies has turned into a zero-sum game in 2025gold was gaining, and Bitcoin was losing ... until recentlysince April’s peak, gold prices have declined Bitcoin has gainedflow of money taken out of gold exchange-traded funds (ETFs) and being poured into spot bitcoin and crypto funds since April

JP Morgan also note

New Hampshire crypto bill - state can invest up to 10% of its public funds in Bitcoin and precious metals Arizona also passed a similar lawas more US states rule to invest in Bitcoin, it could act as a “sustained positive” catalyst

You can track this call using our free charts, here is BTC/XAU:

This article was written by Eamonn Sheridan at www.forexlive.com.

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