JPMorgan reports that Bitcoin has shown greater resilience compared to gold and silver during recent market turmoil. Despite ETF outflows and institutional deleveraging, Bitcoin has maintained stable capital inflows, while gold ETFs saw nearly $11 billion in net outflows in March. Rising interest rates and a stronger dollar have further pressured precious metals.
Bitcoin's price, which initially fell to $60,000 amid geopolitical tensions, has stabilized between $68,000 and $70,000, suggesting renewed long-term investment support. In contrast, institutional holdings in gold and silver futures have declined, while Bitcoin futures positions remain stable. This trend underscores Bitcoin's growing divergence from traditional safe-haven assets in the current economic climate.
Bitcoin Outshines Gold and Silver Amid Market Volatility, Says JPMorgan
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