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Jpmorgan said that Bitcoin as “digital gold” weakens as the encryption is left behind the price of the growing gold, which set a record number of $ 3167 earlier today.
the Gold price A little more than 1 % was traded at $ 3,124 at 10:31 am EST after previous gains, while Bitcoin fell by 4 % to 82219 dollars after we fired Donald Trump and a barrage of commercial tariff against the rest of the world yesterday.
JPMorgan analysts led by Nikolaos Panigirtzoglou said in the April 2 report.
Risk origins are tanks after hours because Trump’s tariff is worse than expected. The future decades have already decreased over 1000, which is 2.5 %. S&P futures decreased by 4 %, and the future of Nasdaq 4.5 % decreases. Bitcoin is just less 3.5 %. However, gold, real safe haven, reached a new standard.
– Peter Chef (@PETERSCHEFF) April 2, 2025
A strategy of buying assets such as gold and bitcoin is known to hedge against inflation, weakening the Fiat currencies and long -term debts as the Debasement trade.
Analysts continued to predict that this trend He will continue, adding that “they see gold continues to rise as a major beneficiary of the trade trade.”
They added that bitcoin fluctuations and their relationship with arrows raises questions about their narration “digital gold”.
Golden Investment Funds are flows, while Bitcoin’s investment funds are registered in February and March.
The pattern of investors who prefer gold Bitcoin It can also be seen in ETF flows (trading box), according to JPMorgan analysts.
spot Bitcoin etfs They said that external flows over the past two months, which are flagrantly contradicting the continuous flows in the gold funds traded.
Meanwhile, the future contracts for bitcoin have become negative since January, while golden futures have been relatively flat. This, according to analysts, indicates that the demand for gold comes from investors from the private sector and central banks instead of speculative traders.
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