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Bitcoin and gold lose appeal as macro hedges amid easing Middle East tensions and inflation fears, JPMorgan says

Market News
28 May 2026
Crypto news
View Source
Bearish
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JPMorgan reports that investors are pulling money from Bitcoin and gold as macroeconomic fears ease, particularly tensions in the Middle East and inflation concerns. Both Bitcoin and gold ETFs have experienced significant outflows recently, reversing months of inflows driven by geopolitical instability and inflation anxiety. This marks a shift from Bitcoin's previous role as a leading 'devaluation trade' hedge against currency debasement. If current trends continue, both assets may need new drivers to regain their recent highs, as the demand for safe-haven hedges declines.

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