From Gold to Bitcoin: JPMorgan Highlights Shift in Debasing Trade

In a report dated May 7, JPMorgan's analysis team stated that following the situation in Iran, Bitcoin (BTC) has overtaken gold as the leading safe-haven asset (debasing trade). This was reported by the US cryptocurrency media, The Block. According to the report, US-based physical Bitcoin ETFs have recorded net inflows for three consecutive months. Meanwhile, gold ETFs have not yet recovered from the outflows recorded at the time of the Iran situation in March...