JPMorgan Chase: Bitcoin is expected to surpass gold in the second half of 2025

JPMorgan analysts suggest that driven by corporate purchases and support from US state governments, Bitcoin is expected to outperform gold in the second half of 2025. Analysts note that hedging trades have become a zero-sum game, with Bitcoin rising 18% in the past three weeks while gold has fallen nearly 8%. Companies like Strategy (formerly MicroStrategy) and Metaplanet continue to purchase Bitcoin, with Strategy planning to invest an additional $42 billion by 2027. States such as New Hampshire and Arizona are beginning to include Bitcoin in their reserve assets, and the maturation of the crypto derivatives market is attracting more institutional participation. (TheBlock)