JPMorgan turns the tables: Bitcoin overtakes gold despite Dimon's skepticism!

JPMorgan turns the tables: Bitcoin overtakes gold despite Dimon's skepticism!

JPMorgan Chase recently opened access to Bitcoin investments to its customers, despite the ongoing skepticism of its CEO Jamie Dimon. While Dimon makes it clear that he is not a fan of Bitcoin and the bank will not manage digital currency, this decision reflects a growing trend in the financial industry to view cryptocurrencies as a legitimate asset class. Analysts at JPMorgan say Bitcoin will grow in importance, especially at the expense of gold.

In the period between mid-February and mid-April 2025, the price of gold rose while Bitcoin stagnated. But since April 22, 2025, the trend has reversed: gold prices fell by almost 8%, while Bitcoin rose by 18%. This dynamic is leading to changing investor sentiment, with capital increasingly flowing from gold ETFs into Bitcoin.

Institutional investments and political developments

In recent months, several US states have taken steps to incorporate Bitcoin as a valuable asset. New Hampshire allows up to 5% of its reserves to be held in Bitcoin, while Arizona plans to introduce a Bitcoin reserve and has not announced a tax increase for the current year. This increasing acceptance of Bitcoin by states and companies is perceived as a positive catalyst for future price increases.

Additionally, analysts report that institutional investment in Bitcoin is increasing. The company Strategy (formerly MicroStrategy) has increased its Bitcoin holdings to over 553,000 BTC and plans to raise an additional $21 billion for Bitcoin purchases by 2027. Market developments in the futures markets also show an increasing shift from gold to Bitcoin positions.

The future of Bitcoin compared to gold

JPMorgan expects Bitcoin to outperform gold in the second half of 2025. This assessment is based on current market developments and the increasing shift away from gold funds in favor of Bitcoin. Dimon's doubts about Bitcoin's intrinsic value remain, but he acknowledges that digital currencies will play a role in the future.

Adding to the market movement, Coinbase has announced its acquisition of crypto derivatives exchange Deribit for $2.9 billion to strengthen its position in the crypto derivatives space. Kraken has also acquired trading platform NinjaTrader, while Gemini has received a license to offer crypto derivatives in the European Union. These developments highlight the dynamic change in the crypto sector.

The situation in the Bitcoin market remains exciting for investors. The coming months could be crucial for the further development of the digital currency, while traditional forms of investment such as gold come under pressure. It remains to be seen whether the expected market development will actually come true.

For more information, see the reports on IT Boltwise and Cointelegraph.