In other words, JP Morgan is less confident about the current world situation than $BTC #比特幣 vs. #gold

According to Odaily Planet Daily, JPMorgan analyst Nikolaos Panigirtzoglou said that the appreciation of gold prices over the past year exceeded expectations, reflecting the emergence of devaluation transactions. Record capital inflows in the cryptocurrency market in 2024 show that Bitcoin has become more important in investors' portfolios. Devaluation transactions refer to investors turning to assets such as gold and Bitcoin to hedge against the devaluation of fiat currencies, which is usually driven by factors such as inflation, increased government debt and geopolitical instability.