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JPMorgan claims Bitcoin more attractive than gold post deleveraging

JPMorgan claims Bitcoin more attractive than gold post deleveraging

Cryptobriefing2025/11/07 16:45
By:Cryptobriefing

Key Takeaways

  • JPMorgan analysts view Bitcoin as more attractive than gold after recent deleveraging in the market.
  • The recent price collapse to below $100,000 was viewed as a technical market event driven by deleveraging and security scares.

JPMorgan, a major US bank, claims Bitcoin has become more attractive than gold following a period of deleveraging, MarketWatch reported today.

Analyst Nikolaos Panigirtzoglou noted that a sharp liquidation in perpetual futures and a $128 million crypto theft from the decentralized-finance protocol Balancer contributed to the recent pullback.

Panigirtzoglou estimates Bitcoin could climb to $170,000 over the next 6–12 months on a volatility-adjusted basis.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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