JPMorgan analysts made some interesting claims in their recent report comparing gold and Bitcoin. JPMorgan analysts believe that if the high hedge positions in Bitcoin ETFs are resolved, Bitcoin could find stronger support than gold in the coming period. A report published by JPMorgan analysts led by Nikolaos Panigirtzoglou stated that inflows into Bitcoin and gold ETFs accelerated following the Fed meeting at the end of July, and that hedging against currency depreciation came to the forefront again. However, according to the analysts, the rise in real bond yields in the last week and the US Senate’s failure to advance the Clarity Act have weakened this trend.