JPMorgan Finally Accepted: Bitcoin and Gold Are Going Nowhere! - Coin Bulletin

JPMorgan analysts indicate that the protection strategy against the devaluation of money, known as the debasement trade, is not a short-term trend and that gold and Bitcoin have gained structural importance in investor portfolios.

In a report prepared by analysts, led by Nikolaos Panigirtzoglou, it is stated that gold prices have gained much more value in the past year from changes in the dollar and real bond yields. This indicates the resurgence of the 'debasement trade' strategy. Analysts also emphasize the record level of capital inflows into the crypto markets in 2024, highlighting that Bitcoin has now become "a more important component" in investment portfolios.

Debasement trade, refers to investors turning to assets such as gold and Bitcoin that depreciate the value of fiat currencies due to factors such as inflation, increasing government debt, and geopolitical uncertainties. The report shows that gold and Bitcoin are increasingly finding a place in investors' portfolios in line with this strategy. It is noted that central banks and private investors are increasing their holdings of physical gold, gold ETFs, and other investment instruments on the gold side.

The effects of 2024 will be permanent for Bitcoin

Please provide the text to be translated. Bitcoin, on the other hand, has experienced a remarkable rise throughout 2024. JPMorgan describes 2024 as a **"turning point" for crypto markets. In total, the report states that there is a capital inflow of $78 billion into the crypto markets. This influx of capital is based on crypto funds, Bitcoin futures, venture capital funds, institutional acquisitions, and investments from Bitcoin miners.

MicroStrategy's Bitcoin purchases throughout 2024 accounted for 28% of the total capital inflow, highlighting once again the significance of institutional players in the crypto markets. This development underscores the rapidly increasing rate of institutional acceptance of Bitcoin.

JPMorgan analysts believe that the structural rise of gold and Bitcoin will have a lasting impact on the investment world. In particular, it is noted that the 'debasement trade' strategy supports investors' focus on these assets for the purpose of preserving and growing their wealth. Analysts anticipate that investments focused on Bitcoin and gold will further strengthen with growing institutional acceptance as we move towards 2025.