JPMorgan has a blunt new message for gold investors

Gold is officially losing its status as the ultimate "debasement trade" to Bitcoin. Despite centuries of dominance, gold ETFs are failing to recover from outflows while Bitcoin ETFs see massive inflows, even amidst the Iran war. Both retail and institutional investors are now choosing digital assets over the traditional safe haven, as Bitcoin’s price surges while gold’s value declines. Is gold finally obsolete as a hedge against global instability? What’s your take?
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