JPMorgan Chase: Gold remains the preferred safe haven asset, Bitcoin has failed to replace it According to Decrypt, JPMorgan's latest report points out that Bitcoin's safe haven narrative has not reached its mythical status, and investors are more inclined to invest their funds in gold amid recent market volatility due to President Trump's global trade war. The report released on Thursday pointed out that "Bitcoin has not benefited from the recent influx of safe haven funds like gold. While investors have injected funds into gold ETFs, speculators have cashed out from new US cryptocurrency ETFs." However, geopolitical uncertainty, President Trump's aggressive tariff policies, and concerns about economic recession have prompted investors to turn to the ultimate safe haven asset: gold.