JPMORGAN SAYS #BITCOIN COULD OUTPERFORM GOLD IF ETF HEDGING DEMAND EASES

JPMorgan says Bitcoin could get more support relative to gold if hedging around Bitcoin ETFs starts to fall.

The setup:
✅ Gold has recovered more ETF weakness
Bitcoin ETFs have recovered less
IBIT hedging remains elevated
Investors are still cautious on Bitcoin
Less hedging could mean more support

This is not a guarantee, but JPMorgan is saying Bitcoin could benefit if ETF hedges unwind.

BITCOIN HAS ROOM TO GROW #bitcoin