JPMorgan: BTC a more attractive long-term investment than gold

JPMorgan has assessed that Bitcoin's long-term investment appeal now surpasses that of gold, Walter Bloomberg reported, citing a recent report from the bank. According to the analysis, following a sharp rise in gold prices and increased volatility, Bitcoin has become the more attractive investment. JPMorgan noted that Bitcoin's current price is significantly below its estimated production cost of $87,000, a level that has historically served as a support to prevent further price declines. Furthermore, the bank highlighted that the volatility of Bitcoin relative to gold has fallen to an all-time low, suggesting increased stability and greater long-term upside potential for the cryptocurrency.