JPMorgan: Bitcoin is more attractive than gold in the long run

JPMorgan stated that after strong performance and increased volatility in gold, Bitcoin's long-term appeal relative to gold has improved. Although cryptocurrencies have weakened recently, the scale of liquidation is not large; however, outflows from spot Bitcoin ETFs are still ongoing.

JPMorgan pointed out that Bitcoin's current trading price is far below its estimated production cost of $87,000, which is historically a relatively low bottom. JPMorgan's key takeaway: Bitcoin's risk-adjusted value relative to gold has strengthened, and its volatility relative to gold has fallen to a historic low, indicating that Bitcoin has significant upside potential in the long term.