A JPMorgan analyst reported on March 15 that Bitcoin has overtaken gold in investor portfolios, considering volatility adjustments, with Bitcoin’s allocation now 3.7 times that of gold. This change is underscored by a $9 billion net inflow into Bitcoin ETFs, which offsets outflows from Grayscale. Nikolaos Panigirtzoglou, a managing director at JPMorgan, shared in a recent X post that Bitcoin’s adjusted allocation exceeds gold by a significant margin. He noted that since the approval of spot Bitcoin ETFs in January, over $10 billion has flowed into these funds. Panigirtzoglou suggested that the potential market size for BTC ETFs could reach
