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JPMorgan: The rise potential of Bitcoin in the second half of the year may exceed that of gold.
According to Foresight News, The Block reports that JPMorgan analysts have stated that driven by corporate purchases and increased support from various U.S. states, Bitcoin prices may continue to rise in the second half of this year, while gold prices may fall. Since peaking on April 22, gold prices have fallen nearly 8%, while Bitcoin has risen 18% during the same period. Analysts noted that this shift is also evident in investor flows, as funds have flowed out of gold Exchange-Traded Funds (ETFs) over the past three weeks and into Spot Bitcoin and Crypto Assets funds.