In this period when macroeconomic uncertainties increased, investors’ search for safe harbor gained momentum, while JPMorgan Analysts Bitcoinstressed that he could not benefit from this trend sufficiently. Gold on the other hand, both stock market investment funds (ETF) and futures markets draw attention with strong entries. According to analysts, the safe port identity of gold is strengthened, while Bitcoin’s “digital gold” narrative weakens. The outputs in Bitcoin ETFs and the decreasing futures interest make this even more pronounced.
It flocks under the investor who pauses in Bitcoin
Under the leadership of Nikolaos Panigirtzoglou Jpmorgan In the report prepared by the analysts, the demand for gold, especially ETF and term transaction markets were clearly seen. In the first quarter of the year, Global Gold ETFs were recorded as a net entry of 21.1 billion dollars, while only China and Hong Kong -based ETFs constituted 2.3 billion dollars of this figure. ETFs these entrances in the China/Hong Kong region corresponds to 16 percent of the total assets of gold ETFs, and on a global scale, this rate is 6 percent. These rates indicate that the search for a safe harbor in the Asian region is accelerated faster.
In addition, speculative investors have been in futures markets since February. Gold purchasesIt was pointed out that it increased. Despite wide market fluctuations, it was underlined that gold moves similarly to classic safe ports such as Swiss Franc and Japanese Yeni.
For now, gold continues to be the number one escape point of investors, where the global economic tension is increasing.
Fell significantly to Bitcoin
Unlike gold, Bitcoin has not seen the same safe harbor interest in recent months. According to JPMorgan Bitcoin ETFThe low -speculative demand in net outputs and futures contracts that have been ongoing for three months and weakens the safe port narrative for the largest crypto currency. The report stated that Bitcoin’s “digital gold” discourse is under pressure and investors are directed to traditional commodities instead of risky assets.
Analysts stated that gold has become the first choice of investors against global money depreciation, stressed that Bitcoin’s effort to seize this position failed for now. Also in the report BTC It was also reminded that there is an important level of technical support due to the production cost of 62 thousand dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
