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After major deleveraging, bitcoin now has 'significant upside' and looks more attractive than gold, claims JPMorgan
On Oct. 5, bitcoin (BTCUSD) touched an all-time high of $126,000. Before the end of the month, it had slumped more than 20%. Earlier this week, it briefly dipped below $100,000. Such was the extent of the collapse that bitcoin now looks very cheap to gold (GC00) on a volatility-adjusted basis. That led one JPMorgan strategist to make the argument that "This mechanical exercise thus implies significant upside for bitcoin over the next 6-12 months." Global markets strategist Nikolaos Panigirtzoglou explained that the reason for bitcoin's stunning degringolade was twofold: first, a massive liquidation in perpetual ... (full story)
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The gold versus Bitcoin (BTC) debate has long divided investors seeking a store of value in uncertain times. Gold, with its millennia-old track record and physical scarcity, is often seen as the ultimate haven: a tangible hedge against inflation and geopolitical risk. Bitcoin, by contrast, represents a digital evolution of that concept: algorithmically ...
From cointelegraph.com | Nov 5, 2025
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