Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
JPMorgan says Bitcoin is a risk indicator for investor sentiment

JPMorgan says Bitcoin is a risk indicator for investor sentiment

Cryptobriefing2025/12/02 20:51
By:Cryptobriefing

Key Takeaways

  • JPMorgan’s Jack Caffrey sees Bitcoin as a risk indicator.
  • The analyst finds it interesting when Bitcoin lags while gold rallies, questioning its “risk-free” status.

Jack Caffrey, JPMorgan’s portfolio manager, said Tuesday that Bitcoin is one of several risk indicators investors can watch to gauge market risk.

Speaking with CNBC’s Squawk Box this morning, he highlighted the recent divergence between Bitcoin and gold, noting that weeks of Bitcoin weakness alongside rallies in gold have raised questions about Bitcoin’s role as a “risk-free” asset.

The portfolio manager suggested multiple factors could explain the divergence, including whether “investors are looking at the prospect of a steeper yield curve supporting gold.”

“If I shift my focus to the equity market where I’m a little bit spending much more of my time. It’s certainly an interesting environment where you see leadership from interactive media names like say Alphabet and pharmaceutical names like Johnson and Johnson,” Caffrey said. “Like one is risk off and one is perceived as risk on…I think it speaks to some of the confusion investors are attempting to navigate as we come into year-end.”

JPMorgan has recently turned bullish on Bitcoin as a macro asset, introducing structured notes linked to Bitcoin ETFs. The bank plans to allow institutional clients to use Bitcoin and Ether as loan collateral by year-end.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Tron Leads with $931M Stablecoin Inflows

Tron sees $931.7 million in stablecoin inflows in 24 hours, marking the highest among all chains.Why Are Stablecoins Flowing Into Tron?What This Means for Tron and Crypto

Coinomedia2025/12/04 11:09
Tron Leads with $931M Stablecoin Inflows

Bitcoin Buying Collapse Signals Bear Market Fears

Bitcoin buying by major players has dropped sharply in 2025, raising concerns of a looming bear market.Bear Market Signals Are GrowingWhat This Means for Retail Investors

Coinomedia2025/12/04 11:09
Bitcoin Buying Collapse Signals Bear Market Fears

American Bitcoin Trust Adds 502 BTC to Holdings

American Bitcoin Trust acquires 502 more BTC, increasing total holdings to 4,367 BTC amid growing institutional interest.Growing Confidence in Bitcoin’s FutureWhat This Means for the Market

Coinomedia2025/12/04 11:09
American Bitcoin Trust Adds 502 BTC to Holdings

Bitcoin ETFs See Outflow as Ether Gains $140M Inflows

U.S. spot Bitcoin ETFs ended a five-day inflow streak with a $14.90M outflow, while Ether ETFs gained $140M on December 3.Ether ETFs Shine with Strong InflowsSolana ETFs See Outflows Amid Market Repositioning

Coinomedia2025/12/04 11:09
Bitcoin ETFs See Outflow as Ether Gains $140M Inflows
© 2025 Bitget