In brief
- JP Morgan analysts say Bitcoin holds more upside than gold, driven by crypto-specific catalysts and growing institutional adoption.
- Recent acquisitions by Coinbase, Kraken, and Gemini highlight a maturing derivatives market, which could attract more traditional investors.
- Bitcoin is trading near $104,000, just 5% below its all-time high, as risk appetite returns and ETF inflows continue to outpace gold.
Bitcoin has more potential upside than gold, continuing a trend seen in recent months as the largest digital asset by market value has rallied, JP Morgan analysts wrote in a note published Thursday.
Analysts noted that Bitcoin has been buoyed by a range of catalysts lately, including growing corporate treasury allocations and…
May 16 2025
