JPMorgan analysts, led by Nikolaos Panigirtzoglou, anticipate that Bitcoin will outperform gold in the latter half of 2025. This projection is attributed to increasing corporate investments and growing support from U.S. states.

Gold’s Intraday Technical Outlook

Meanwhile, gold has shown bullish signs on the H1 chart. After bouncing off the 3125.00 level, it formed a bullish engulfing candle followed by a bearish inside bar. Since then, the price has been moving upward with strong momentum. The chart indicates that the next resistance level may be around 3260.30.

Shift in Investment Trends

Between mid-February and mid-April, gold experienced gains at Bitcoin's expense. However, in the past three weeks, this trend has reversed, with Bitcoin rising as gold declines.

Specifically, 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, Bitcoin Magazine reported.

You may find it interesting at FinanceMagnates.com: JPMorgan Settles First Tokenized Treasury Trade on Public Blockchain with Chainlink and Ondo.

Corporate Adoption

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.

Read More: Why Is Crypto Going Down? Bitcoin, Ethereum, and Dogecoin Prices Pull Back After Hitting 3-Month Highs.

Several U.S. states are embracing Bitcoin. 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.