JPMorgan analysts pointed out that during the Iran conflict, Bitcoin outperformed gold and silver, experiencing net inflows, while precious metals faced significant outflows. Gold has fallen about 15% this month so far, with ETF outflows nearing $11 billion in March, and silver has reversed all the inflows it had since last summer. Bitcoin's cross-border nature and autonomous custody features make it the preferred asset during turbulent times, with its momentum indicators rebounding from oversold levels, while gold's liquidity has fallen below that of Bitcoin.

BTC-2.89%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.