#JPMorganSaysBTCOverGold
📉 No easy consensus.
📈 Bitcoin does not surpass gold because Twitter says so.
📊 It does so because one of the largest financial institutions in the world is reading numbers that few want to look at. 👁️🗨️
🏦 JPMorgan claims that today Bitcoin, compared to gold, has better long-term appeal.
That is not hype 🚫🔥.
It is quantitative analysis 📐 comparing two assets:
⏳ established history vs. ⏳ future expectations.
🚧 The thesis did not originate on social media.
📆 Since October:
🥇 Gold +30–35 %
₿ Bitcoin −40 %
⚠️ That divergence is not emotional.
It is a market imbalance that leaves Bitcoin with lower relative volatility and lower risk premium compared to gold — something uncommon persistently.
📌 They do not talk about “bombshells.”
They talk about this:
📉 Bitcoin was hit in price,
but its risk-adjusted profile improved compared to gold.
💡 Today Bitcoin consumes less relative risk than historically normal.
That debate does not appear in headlines…
📚 but yes in institutional order books.
🔥 The uncomfortable part:
Bitcoin is trading below its estimated production cost (~$87k) 🏗️ — a level that acted as a floor in previous cycles —
while 🥇 gold remains strong due to central bank purchases 🏛️.
⚙️ It’s not “Bitcoin has already won.”
It is a cold reading:
– Gold strong due to safe haven
– Bitcoin adjusted for deleveraging
– Even so, it improves its long-term risk-return profile
🚫 It is not a prediction.
🎯 It is real positioning.
🤐 Silence. Observe.
Heavy capital speaks with facts, not fear ❄️📉👁️🗨️
$USDC
$BTC
