JPMorgan: Bitcoin Gaining Over Gold as Debasement Trade After Iran Conflict
JPMorgan: Bitcoin Gaining Over Gold as Debasement Trade After Iran Conflict JPMorgan analysts report that investors are increasingly choosing bitcoin over gold as a hedge against currency debasement since the Iran conflict began. According to The Block, JPMorgan’s research note indicates that amid escalating geopolitical uncertainty and expanding fiscal deficits, bitcoin’s “digital gold” narrative is being backed by substantial capital inflows. ETF inflows have reached a streak of $1.69 billion, with bitcoin price approaching the key $85,000 resistance level. ...