According to online reports, JPMorgan Chase's latest report pointed out that Bitcoin's safe-haven narrative has not reached its mythical status. In the face of recent market fluctuations due to the global trade war launched by President Trump, investors are more inclined to invest money in gold. Analysts at the investment bank said in a report on Thursday that gold ETFs and futures are receiving the bulk of investment as speculators seek safe investments. This week, the price of gold hit a record high of $3660 per ounce. In contrast, Bitcoin has fallen more than 20% since hitting a record of $109000 on January 20, Trump's inauguration day, and currently hovers around $85000. The report, released Thursday, noted: "Bitcoin has failed to benefit as gold has from safe-haven inflows in recent months. While investors are injecting capital into gold ETFs, speculators are cashing out of new U.S. cryptocurrency ETFs." But 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.