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- 🏦 JPMorgan Turns Bullish On BTC
🏦 JPMorgan Turns Bullish On BTC
Kairav Joshi
May 15, 2025
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Hey crypto trailblazer, 👋
Welcome to your latest crypto update. This edition highlights JPMorgan's bullish outlook on Bitcoin and the growing trend of U.S. states adopting Bitcoin reserves. Let's dive in!
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JPMorgan analysts, led by Nikolaos Panigirtzoglou, have forecasted that Bitcoin is likely to outperform gold in the second half of 2025. This projection is attributed to increasing corporate investments and growing support from U.S. states.
Since April 22, gold has dropped nearly 8%, while Bitcoin has surged 18%. Investor flows mirror this shift, with capital moving out of gold ETFs and into Bitcoin. Futures data also indicates decreasing gold positions and increasing Bitcoin positions.
Companies like Strategy and Metaplanet are significantly increasing their Bitcoin holdings. Strategy aims to raise $84 billion for Bitcoin purchases by 2027 and has already achieved 32% of that target. Metaplanet reported its strongest quarter to date, with Bitcoin holdings rising to 6,796 BTC.
🏛️ U.S. States Embrace Bitcoin Reserves
Several U.S. states are adopting Bitcoin as part of their financial reserves. New Hampshire now permits up to 5% of its reserves in Bitcoin. Arizona is launching a Bitcoin reserve and pledges not to raise taxes this year. This trend reflects a growing institutional acceptance of Bitcoin and could serve as a sustained positive catalyst for its value.
Stay informed as Bitcoin continues to gain institutional support and broader adoption.
Until next time, may your trades be profitable and your wallet notifications be positive!
Epic Crypto News Team
DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.
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