JPMorgan Flags Bitcoin Edge Over Gold as Risk Profile Improves Long Term

JPMorgan Chase says Bitcoin is becoming more attractive than gold for long term investors. The bank notes gold’s strong rally and higher volatility have shifted the balance.

Bitcoin is now trading well below its estimated production cost, a level that has often acted as support in past cycles. Recent crypto weakness has not triggered heavy forced selling.

The bank adds that Bitcoin’s volatility relative to gold has dropped to a record low, improving its risk adjusted profile and signaling strong upside potential over time.