JPMorgan Chase CEO Jamie Dimon announced that the company will allow its customers to purchase Bitcoin, but will not provide BTC custody services.
Dimon also reiterated that he personally does not support Bitcoin, saying, “I am not a fan.”
However, a recent report by JPMorgan predicts that Bitcoin will significantly outperform gold through the rest of 2025. This optimistic outlook stems from new catalysts that have emerged as investment dynamics specific to cryptocurrencies have changed.
The note published by the analyst team led by JPMorgan's managing director Nikolaos Panigirtzoglou included the following assessment:
“From mid-February to mid-April, gold was rising at the expense of Bitcoin. But over the last three weeks, we have seen the opposite; Bitcoin is appreciating at the expense of gold.”
Analysts predict that this trend will continue, adding:
“We have been seeing a sequential rise between gold and Bitcoin since the beginning of the year and we think this will continue for the rest of the year. However, we expect a balance to emerge in favor of Bitcoin in the second half of the year due to crypto-specific catalysts.”
*This is not investment advice.
