Bitcoin is steadily capturing market share from gold as investors seek protection against fiat currency debasement, JPMorgan analysts said in a research note this week. The investment bank described the trend as “the debasement trade rotating from gold to Bitcoin,” citing rising institutional adoption and easier access through spot Bitcoin exchange-traded funds as the primary catalysts behind the shift. Bitcoin ETFs have now recorded net inflows for three consecutive months through May, while gold ETFs continue to struggle after heavy outflows triggered by the Iran conflict in March, according to data reported by The ... (full story)