JPMorgan Chase has forecasted that Bitcoin will outpace gold in growth rates in the second half of 2025. Experts believe that this will be driven by increasing demand for cryptocurrency derivatives.
This is reported by Бізнес • Медіа
Conditions for Bitcoin’s Growth
Experts at JPMorgan Chase believe that the cryptocurrency derivatives market has reached “maturity,” which will act as a catalyst for Bitcoin’s growth. The report states that the “zero-sum game between gold and Bitcoin” will continue, but catalysts in the cryptocurrency sector may create greater potential for Bitcoin.
“We expect the zero-sum game between gold and Bitcoin, which has been ongoing since the beginning of the year, to continue through the end of the year, but we believe that cryptocurrency-related catalysts will create greater growth potential for Bitcoin compared to gold in the second half of the year.”
Development of Cryptocurrency Platforms
Among the key factors that could influence growth, experts pointed to the recent deals by platforms Coinbase and Kraken in the derivatives segment. For example, the Coinbase exchange acquired the Deribit platform in a deal worth $2.9 billion, while Kraken struck a deal to purchase NinjaTrader for $1.5 billion. Additionally, the Gemini exchange has obtained a license to offer derivatives in Europe, indicating the sector’s development.
JPMorgan Chase experts emphasized that “the world of cryptocurrency derivatives is evolving and, once regulated by the U.S. or EU, could foster trust and more active participation from traditional institutional investors.”
Despite this, the bank previously noted that Bitcoin has failed to realize its potential as a hedge asset compared to gold. However, due to an agreement between the U.S. and China to reduce tariffs, the first cryptocurrency has shown growth. At the same time, in the event of further escalation of the conflict, gold may become a more advantageous asset, noted Argo platform head Michael Petch in a comment.