JPMorgan Sees Bitcoin Outpacing Gold as ETF Hedging Eases
JPMorgan analysts have made an unexpected comment about Bitcoin's potential performance. According to their analysis, Bitcoin could outperform gold if hedging on ETFs eases.
Hedging on exchange-traded funds (ETFs) has been a significant concern for investors in recent times, and JPMorgan believes that a reduction in this activity could provide more support for Bitcoin than for gold.