JPMorgan Chase: Bitcoin's upside potential in the second half of the year may surpass gold

According to Foresight News, according to The Block, JPMorgan analysts have stated that Bitcoin prices may continue to rise in the second half of this year, while gold prices may decline, driven by increased corporate purchases and support from various states in the United States. Since reaching its peak on April 22nd, the price of gold has fallen by nearly 8%, while Bitcoin has risen by 18% during the same period. Analysts say that this shift is also evident in investor flows, as funds have flowed out of gold exchange traded funds (ETFs) in the past three weeks and instead into spot Bitcoin and cryptocurrency funds.