JPMorgan: Bitcoin's Long-Term Attractiveness Relative to Gold Rises

BlockBeats News, February 5th, JPMorgan Chase stated that after gold showed strength and increased volatility, Bitcoin's long-term appeal relative to gold has increased. Despite the recent weakness in cryptocurrency, Bitcoin's current trading price is well below its average production cost of $87,000, historically seen as a relative bottom. In the long term, Bitcoin has significant upside potential.