JPMorgan analysts, led by Nikolaos Panigirtzoglou,
anticipate that Bitcoin will outperform gold in the latter half of 2025. This
projection is attributed to increasing corporate investments and growing
support from U.S. states.
Gold’s Intraday Technical Outlook
Meanwhile, gold has shown bullish signs on the H1 chart.
After bouncing off the 3125.00 level, it formed a bullish engulfing candle
followed by a bearish inside bar. Since then, the price has been moving upward
with strong momentum. The chart indicates that the next resistance level may be
around 3260.30.
Shift in Investment Trends
Between mid-February and mid-April, gold experienced gains
at Bitcoin’s expense. However, in the past three weeks, this trend has
reversed, with Bitcoin rising as gold declines. Specifically, since April 22,
gold has dropped nearly 8%, while Bitcoin has surged 18%. Investor flows mirror
this shift, with capital moving out of gold ETFs and into Bitcoin. Futures data
also indicates decreasing gold positions and increasing Bitcoin positions, BitcoinMegazine reported.
You may find it interesting at FinanceMagnates.com: JPMorgan
Settles First Tokenized Treasury Trade on Public Blockchain with Chainlink and
Ondo.
JUST IN: JPMorgan says #Bitcoin likely to have more upside than gold in the second half of 2025 🚀 pic.twitter.com/YPrHivch9O
— Bitcoin Magazine (@BitcoinMagazine) May 15, 2025
Corporate Adoption
Companies like Strategy and Metaplanet are significantly
increasing their Bitcoin holdings. Strategy aims to raise $84 billion for
Bitcoin purchases by 2027 and has already achieved 32% of that target.
Metaplanet reported its strongest quarter to date, with Bitcoin holdings rising
to 6,796 BTC.
Read More: Why
Is Crypto Going Down? Bitcoin, Ethereum, and Dogecoin Prices Pull Back After
Hitting 3-Month Highs.
State-Level Support
Several U.S. states are embracing Bitcoin. New Hampshire now
permits up to 5% of its reserves in Bitcoin. Arizona is launching a Bitcoin
reserve and pledges not to raise taxes this year.
This article was written by Tareq Sikder at www.financemagnates.com.
