JPMorgan analysts forecast that by mid-2025, Bitcoin may surpass gold in value thanks to increasing institutional demand and support from various US states.
Gold vs. Bitcoin Dynamics
Analysis led by Nikolaos Panigirtzoglou indicates a shift in investor preferences towards Bitcoin. A trend termed the 'debasement trade' reveals that investors are seeking protection against currency devaluation, choosing between gold and Bitcoin. Between mid-February and mid-April, Bitcoin's performance outpaced gold.
US State Support for Bitcoin
Several US states, including New Hampshire and Arizona, have begun to warm up to Bitcoin. New Hampshire has allowed holding up to 5% of its reserves in Bitcoin, while Arizona has decided to establish a Bitcoin reserve without raising taxes this year.
Predictions for the Second Half of 2025
Predictions indicate that by the end of 2025, Bitcoin may reach a stronger market position due to new institutional investments and positive regulatory changes in various US states. Key factors for the digital asset market remain company investment trends and changes in government policy.
In summary, analysts emphasize the importance of monitoring changes in institutional investments and legislative initiatives to better assess Bitcoin's potential compared to gold.
