TechFlow news, April 3 — According to The Block, a recent research report by JPMorgan highlights that Bitcoin's positioning as "digital gold" is facing significant challenges, while the gold market continues to strengthen. The report emphasizes investor concerns arising from Bitcoin's high price volatility and its close correlation with stock markets. Over the past two months, Bitcoin ETFs have seen notable outflows, whereas gold ETFs continue attracting inflows. Global gold allocations have reached a record high of $9 trillion (3.5% of global financial assets), with $4 trillion held by central banks and $5 trillion from private investors. Although Bitcoin’s current price stands at approximately $83,700—still above the estimated production cost of $62,000, historically viewed as a price support level—JPMorgan analysts predict that in a de-risking environment, gold will remain the primary beneficiary asset.
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