PANews reported on February 5th that, according to Walter Bloomberg, JPMorgan Chase pointed out that Bitcoin's long-term appeal relative to gold has increased after a strong rise and increased volatility in gold. Despite recent weakness in cryptocurrency performance, the scale of market liquidations has been relatively limited.
However, Bitcoin spot ETFs continue to face outflows. The bank emphasizes that Bitcoin is currently trading significantly below its cost line of approximately $87,000—a level historically considered a key support reference. JPMorgan's core view is that Bitcoin's risk-adjusted return characteristics have significantly improved compared to gold. Its volatility relative to gold has fallen to historical lows, implying significant upside potential for Bitcoin in the long term.


