Bitcoin remains the flagship of the digital sphere and the most attractive asset in the market. According to JPMorgan analysts, the first cryptocurrency is the most effective hedge against inflation. This view is bolstered by a steady inflow of funds into spot BTC ETFs, which has reached unprecedented levels. In this context, Bitcoin continues to assert its dominance in the market.
Adding to its appeal, US President Donald Trump has recently announced plans to create a strategic reserve of Bitcoin. JPMorgan believes this move could further strengthen BTC position. According to the bank, advances in Bitcoin's Layer 2 networks enable it to support smart contracts, challenging platforms such as Ethereum.
According to JPMorgan, market participants are currently awaiting legislative clarity from the new US administration. In the meantime, the cryptocurrency market remains in a consolidation phase. Analysts suggest that this situation could persist for some time, as US authorities are likely to have other more pressing issues to deal with first.
Earlier, JPMorgan analysts noted that inflows into spot altcoin ETFs, including Solana and XRP, could surpass those into Ethereum ETFs in the next six months.
