JPMorgan: Bitcoin More Attractive Than Gold in the Long Term

Odaily News JPMorgan stated that Bitcoin's long-term appeal relative to gold has increased following strong gold performance and heightened volatility. Despite recent weakness in cryptocurrencies, the scale of liquidations has not been significant; however, outflows from spot Bitcoin ETFs continue. JPMorgan pointed out that Bitcoin is currently trading well below its estimated production cost of $87,000, which historically represents a relatively low bottom.

JPMorgan's Key View: Bitcoin's risk-adjusted value relative to gold has strengthened, with its volatility compared to gold hitting a new historical low. This suggests that Bitcoin possesses significant upside potential in the long term.