An uncanny chart from JPMorgan shows Bitcoin acting a lot like gold

For thousands of years, cultures around the world, from the Incas to the Egyptians, have considered gold to be a store of value due to its unique properties and relative scarcity. But these days, the element is facing some competition from a new kid on the block—Bitcoin. The cryptocurrency, often described by its supporters as “digital gold,” holds some of the same characteristics that have made gold one of the most important capital protectors in history.