JPMorgan (JPM) says bitcoin's (BTC) lower volatility relative to gold might make it 'more attractive' in long term
JPMorgan suggests Bitcoin's lower recent volatility compared to gold strengthens its long-term attractiveness as a safe haven.Summary
Despite recent market pressures causing Bitcoin to underperform gold and other hedges, JPMorgan analysts believe Bitcoin's lower volatility relative to gold strengthens its long-term investment case. Recent market turmoil, ETF redemptions, and futures liquidations have pressured digital assets, signaling broad negative sentiment. However, the report notes that gold experienced sharply higher volatility, making Bitcoin appear relatively more attractive over the long term as a potential hedge against catastrophic scenarios. While a theoretical volatility-adjusted price comparison suggests a massive upside potential for Bitcoin if it matched gold's recent volatility, analysts view this specific target as unrealistic for the current year, emphasizing the upside potential once negative sentiment reverses.
(Source：CoinDesk)