Bitcoin “Digital Gold” narrative Risky: JPMorgan

JPMorgan, Bitcoin’s “digital gold” status, the crypto, today, today before the record -breaking gold price that weakened, he said.

. gold price After polishing previous earnings, 10:31 AM EST was traded slightly more than $ 1% than $ 1%, while Bitcoin USA Donald Trump opened a trade tariffs threshold against the rest of the world yesterday and fell to $ 82.219.

In a report, JPMorgan analysts led by Nikolaos Panigirtzoglou in a report, Gold’s better performance is the proof that investors still prefer the commodity on BTC during macroeconomic uncertainty periods.

Since Trump’s tariffs are worse than expected, risk assets tan hours later. Dow futures have already fell over 1,000, which is 2.5%. S&P futures fell by 4%and NASDAQ futures fell by 4.5%. Bitcoin fell only 3.5%. However, gold, real safe shelter, reached a new record level.

– Peter Schiff (@peterschiff) April 2, 2025

The strategy of purchasing assets such as gold and Bitcoin to protect against inflation, Fiat currencies and long -term debt is known as debate trade.

Analysts continued to predict this tendency. They will continue and add that “Gold continues to rise as a great beneficiary of discussion trade”.

Bitcoin’s volatility and shares and correlation with stocks also reveal questions about the “digital gold” narrative.

Gold ETFs, Bitcoin ETFs see the entrances while recording their exits in February and March

Model of investors who prefer gold Bitcoin According to JPMorgan analysts, it can also be seen in ETF (Stock Exchange Taste Fund) flows.

Stain Bitcoin Etfs They have seen exits in the last two months, which is a complete contrast with the flowing flows to the Gold ETFs.

Meanwhile, Bitcoin futures have been negative since January, while gold -term transactions remained relatively flat. According to analysts, gold demand comes from private investors and central banks rather than speculative investors.

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