Bitcoin vs Gold: JPMorgan predicts Bitcoin will outperform gold in the second half of 2025, driven by growing corporate purchases and increased support from U.S. states. The bank's analysts, led by Nikolaos Panigirtzoglou, note that Bitcoin has been gaining ground at gold's expense since April 22, with an 18% surge in Bitcoin's price and an 8% decline in gold's price.
Key Factors:
Corporate adoption: Companies like Strategy and Metaplanet are increasing their Bitcoin holdings.
U.S. state-level support: New Hampshire and Arizona are exploring Bitcoin reserves.
ETF inflows: Capital is shifting from gold ETFs to Bitcoin ETFs.
JPMorgan estimates Bitcoin's fair value at $170,000, citing its undervaluation relative to gold. The bank's analysts believe Bitcoin's production cost, currently around $94,000, acts as a price floor #BTCVSGOLD
Key Factors:
Corporate adoption: Companies like Strategy and Metaplanet are increasing their Bitcoin holdings.
U.S. state-level support: New Hampshire and Arizona are exploring Bitcoin reserves.
ETF inflows: Capital is shifting from gold ETFs to Bitcoin ETFs.
JPMorgan estimates Bitcoin's fair value at $170,000, citing its undervaluation relative to gold. The bank's analysts believe Bitcoin's production cost, currently around $94,000, acts as a price floor #BTCVSGOLD
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BTC
92,584.06
-1.34%