JPMorgan Chase: Bitcoin's upside in the second half of the year may surpass that of gold
2025-05-15 14:20:52
Analysts at JPMorgan said bitcoin prices were likely to continue to rise in the second half of the year, driven by corporate buying and increased support from US states, while gold prices were likely to fall. Since peaking on April 22, gold prices have fallen nearly 8 per cent, while bitcoin has risen 18 per cent over the same period. Analysts said the shift was also evident in investor flows, with money flowing out of gold exchange-traded funds (ETFs) and into spot bitcoin and cryptocurrency funds over the past three weeks.
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