JPMorgan Bets on Bitcoin: Digital Gold to Eclipse the Real Thing by Late 2025
Wall Street’s favorite dinosaur just flipped the script—JPMorgan analysts now predict Bitcoin will leave gold in the dust during the second half of 2025. Guess even bankers get FOMO eventually.
Why the shift? Institutional adoption is hitting escape velocity while gold ETFs bleed out. Plus, let’s be real—no one under 40 is hoarding bullion under their mattress anymore.
The kicker? This forecast drops as traditional finance clings to its 20th-century playbook. Maybe they’ll short Bitcoin with one hand while buying the dip with the other—classic hedge fund ballet.
JPMorgan Says Bitcoin Will Rise at the Expense of Gold in 2025
Despite sliding less than 1% on Thursday, Bitcoin has jumped over 19% in the last 30 days, according to CoinMarketCap. Specifically, the leading cryptocurrency has settled above the $102,000 level, with many expecting further gains to manifest in the coming weeks.
Alternatively, Gold has also had an impressive year. Although prices have reached a one-month low, the metal still sits firmly above $3,200 amid a record-setting year. However, that is expected to change, as JPMorgan analysts have recently said Bitcoin has more upside than gold for the second half of 2025.
“Between mid-February and mid-April, gold was rising at the expense of Bitcoin,” JPMorgan analyst Nikolaos Panigirtzoglou told The Block. “While over the past three weeks we have been observing the opposite, i.e., Bitcoin rising at the expense of gold.”
However, Bitcoin’s potential expands in the regulatory clarity of the industry itself. The US has welcomed its first pro-crypto administration. Moreover, they are expected to pass favorable regulations in the NEAR term. That could only strengthen the investment appeal of BTC and many other assets.
“In all, we expect the YTD zero-sum game between gold and bitcoin to extend to the remainder of the year, but we are biased towards crypto-specific catalysts creating more upside for bitcoin over gold into the second half of the year,” they added. Since late April, gold has dropped 8%, while Bitcoin has jumped 18%. Therefore, the asset may be proving JPMorgan right already.
