Bitcoin as a story of “digital gold” in danger: JPMORGAN

JPMORGAN said Bitcoin’s status as “digital gold” is inferior to the rapid price of gold and is weakening as it records $ 3,167 early today.

The price of gold fell more than 1% to $ 3,124 at 10:31 am after its initial profit, and Bitcoin exceeded $ 82,219, almost 4% after interfering with trade tariffs in other regions of the world yesterday.

GOLD’s achievements said in a April 2 report that JPMORGAN analysts led by Nikolaos Panigirtzoglou are evidence that investors still prefer BTCs in the era of macroeconomic uncertainty.

Since Trump’s tariffs are worse than expected, risk assets are being tank after a few hours. DOW FUTURES has already decreased 2.5%to less than 1,000 people. S & P futures decreased by 4%and NASDAQ futures decreased 4.5%. Bitcoin decreased 3.5%. But gold has a new record of a true safe shelter.

-Peter Schiff (@peterschiff) April 2, 2025

The strategy to buy assets such as gold and bitcoin as hedge, weakening currency currency and long -term debt is called withdrawal.

Analysts predicted this trend They added, “We see that gold continues to increase as a major beneficiary of the fighting trade.”

Bitcoin’s volatility and correlation with stocks also added that they have questioned the story of “digital gold.”

The gold ETF is inflowing, while the Bitcoin ETF leaks in February and March.

Investor patterns that prefer gold Bitcoin According to JPMORGAN analysts, it can also be seen in the ETF (Exchange-Traded Fund) flow.

dot Bitcoin ETF In contrast to the continued inflow of gold ETFs over the past two months.

Meanwhile, Bitcoin futures have been changed to negative since January, and gold gifts remain relatively flat. According to analysts, this suggests that the demand for gold comes from individual investors and central banks rather than speculative traders.

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