JPMorgan: Bitcoin is more attractive than gold in the long term
According to Odaily, JPMorgan stated that after gold's strong performance and increased volatility, bitcoin's long-term appeal relative to gold has improved. Although cryptocurrencies have weakened recently, 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, and its volatility compared to gold has dropped to a historic low, indicating that in the long term, bitcoin has significant upside potential.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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