JP Morgan: Investors Prefer Gold Over Bitcoin as a Safe-Haven

Investors are opting for gold instead of Bitcoin as a safe-haven asset amid recent market volatility, as noted by JP Morgan analysts. While gold ETFs are seeing significant inflows, Bitcoin ETFs have faced three consecutive months of outflows, raising questions about Bitcoin’s role in uncertain markets.

Factors like the global trade war and economic concerns are driving investors towards the perceived safety of gold. Gold ETFs attracted $21.1 billion in net inflows in Q1 2025, while Bitcoin ETFs experienced a decline in interest. The price of gold has reached an all-time high of $3,660 per ounce, while Bitcoin has struggled with price fluctuations and outflows.

The contrast in performance between gold and Bitcoin highlights gold’s appeal in times of economic uncertainty. Bitcoin, once seen as a digital equivalent to gold, is facing scrutiny over its safe-haven status due to recent price volatility and correlation with equities. The evolving market conditions suggest a potential shift in investor sentiment, but the long-term role of Bitcoin remains uncertain.

The market dynamics are influenced by factors such as monetary policy and ETF flows, which may impact the future trajectory of Bitcoin. While gold continues to attract demand as a safe-haven asset, the future of Bitcoin as a store of value is subject to ongoing evaluation.