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JPMorgan W...
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JPMorgan Warns Bitcoin’s ‘Digital Gold’ Narrative Faces Pressure Amid Gold’s Strength

  • Gold gains strength as investors favor it over Bitcoin for long-term stability.
  • Investors show increasing interest in gold as a safe-haven asset while growing cautious about Bitcoin's volatility and correlation with equities.
  • Gold exchange-traded funds (ETFs) experience steady inflows, while Bitcoin ETFs face outflows, indicating a shift in investor sentiment towards traditional assets.
  • Bitcoin's support level is seen around $62,000, but its volatility-adjusted value is estimated lower than its current price, compared to gold's private investor holdings.

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