Odaily Planet Daily News reports that JPMorgan analysts stated that although short-term sentiment remains under pressure, Bitcoin is more attractive than gold in the long term, with its volatility structure suggesting a potential price of up to $266,000. The report pointed out that since October last year, gold has significantly outperformed Bitcoin, but the rising gold volatility and the decline in the volatility ratio of Bitcoin to gold to about 1.5, a historical low, make Bitcoin more advantageous on a risk-adjusted basis. This target is considered not applicable for this year, but after a reversal of negative sentiment, it reflects the upside potential of Bitcoin as a long-term hedge asset. (The Block)
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