I noticed an interesting analysis from JPMorgan that many investors are overestimating. The essence is that Bitcoin's volatility has been lower than gold's over the long term. Sounds strange? Actually, it makes sense when looking at data from the past few years.

Usually, everyone says that crypto is the Wild West with crazy price swings. But JPMorgan points out that Bitcoin as an asset is becoming increasingly stable as its market capitalization and institutional interest grow. Gold, on the other hand, is traditionally considered a conservative hedge for a portfolio, but its volatility is actually higher than many think.

This opens up an intriguing perspective. If Bitcoin is indeed less volatile than gold, it could potentially become a more attractive instrument for long-term hedging and wealth preservation. Especially for those seeking an alternative to traditional assets.

Of course, this doesn't mean everyone should immediately shift their portfolios into crypto. But it clearly shows how perceptions of Bitcoin are changing at the institutional level. Even conservative players like JPMorgan are beginning to reconsider their views on digital assets as a class.