<ul><li>JPMorgan analysts question Bitcoin's status as 'digital gold' as they observe stronger demand for physical gold.</li><li>Gold has outperformed Bitcoin in the 'debasement trade' strategy, with investors favoring gold as a hedge against inflation and currency devaluation.</li><li>The report highlights a shift in investor behavior, as Bitcoin spot ETFs experience outflows while gold ETFs continue to see inflows.</li><li>Gold's appeal is supported by record-high allocations by central banks and private investors, driven by concerns over inflation and weakening fiat currencies.</li></ul>

JPMorgan Analysts Question Bitcoin’s “Digital Gold” Narrative as Gold Sees Stronger Demand

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