According to a report by Cointelegraph, JPMorgan noted in a research report on January 3 that due to geopolitical uncertainty, investor demand for gold and Bitcoin will continue to grow. JPMorgan stated that gold and BTC have become more important components of investors' portfolios to hedge against geopolitical risks and inflation. In 2024, capital inflows into the crypto market hit record highs. Investment managers like Paul Tudor Jones are investing in Bitcoin and other commodities due to concerns about U.S. inflation. U.S. state governments are also using Bitcoin as a hedge against fiscal uncertainty. In 2024, the net open contracts for BTC futures increased from about $18 billion in January to over $55 billion in December. In September, Bitcoin ETFs saw a resurgence of capital inflows, and in November, the net assets of U.S. Bitcoin ETFs surpassed $100 billion for the first time.
