🏦 JPMorgan Chase: $BTC  Is Overtaking Gold as a “Safe Haven”

Amid tensions with Iran, Bitcoin has seen capital inflows and rising on-chain activity, while traditional safe havens like Gold and Silver are losing momentum. Gold ETFs have reportedly shed around $11B over the past three weeks, and inflows into silver have dried up.

At the same time, crypto activity inside Iran has surged, with users rapidly moving funds into non-custodial wallets.

According to JPMorgan, in periods of restrictions and instability, Bitcoin is increasingly acting as an alternative to traditional defensive assets.

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