According to PANews, a recent report by JPMorgan analysts suggests that it is unrealistic to expect Bitcoin to match the nominal amount of gold in investors' portfolios, despite the significant inflows into the recently launched US Bitcoin spot ETF. The analysts pointed out that most investors consider risk and volatility when allocating different asset classes. Given that Bitcoin's volatility is approximately 3.7 times that of gold, expecting it to have an equivalent nominal amount in investment portfolios is unrealistic.
Out of the $3.3 trillion total amount of gold used for investment purposes, only 7% ($230 billion) is held in the form of funds, while the rest is held in the form of gold bars and coins. The analysts also predict that Bitcoin spot ETFs may see inflows of around $62 billion in the next 2-3 years.
