According to a report from JPMorgan Bank, Bitcoin now holds a greater percentage of investor portfolios than Gold. Bank analysts have said that the amount of the top cryptocurrency currently held is 3.7 times larger than that of gold. JPMorgan mentioned that the rise in portfolio allocation is linked to the approval and success of Spot Bitcoin ETFs. Additionally, the influx of BTC from these funds indicates that the Bitcoin ETF market has a strong chance of reaching $62 billion, surpassing gold, according to experts. The asset had a strong start to 2024, with its value reaching new record levels. As BTC surged, the entire cryptocurrency market also experienced increases in both trading volume and price, indicating growing investor enthusiasm for digital assets. In February, the crypto market saw a significant 40% month-to-month increase in total capitalization, reaching $2.2 trillion. Grayscale and BlackRock’s Bitcoin exchange-traded funds (ETFs) were at the forefront of BTC trading, accumulating more than $2 billion consecutively for several days. Additionally, experts are predicting a surge in value to $150,000 during the Bitcoin halving in 2024. Additionally, JPMorgan’s research indicates that both investments in Bitcoin and Gold saw strong performance in February. This year, gold and bitcoin have been purchased by both individual and institutional investors.