In October, JPMorgan analysts predicted that investors betting against currency value would turn to precious metals and Bitcoin; however, only precious metals investments have proven successful. Gold and silver prices have risen significantly amid concerns over currency depreciation, whereas Bitcoin has experienced weakness. Traditionally, precious metals are considered safe havens during inflation and currency devaluation due to their limited supply and broad acceptance in global markets. In contrast, Bitcoin and other cryptocurrencies are digital assets whose prices are influenced by market demand, regulatory environments, and technological changes. Recent increases in global inflation rates and shifts in central bank policies have boosted traditional precious metal prices. Investors have preferred gold and silver to safeguard their wealth, while Bitcoin’s price volatility and regulatory concerns have diminished its appeal. Although some experts regard Bitcoin as digital gold, market uncertainties and rapidly evolving technology have made investors cautious. If clear regulations are implemented and market stability improves, Bitcoin prices could recover; otherwise, investors may continue favoring traditional precious metals.
Source: coindesk
