Introducing the US Crypto News Morning Briefing – a rundown of key crypto developments for the upcoming day. Today, read about how advancements in science are posing a significant threat to the market value of gold, potentially benefiting Bitcoin's hedge status.

In recent reports, experiments at CERN indicate that scientists may soon be able to replicate gold in a laboratory setting. Researchers at Europe's Large Hadron Collider have successfully converted lead into gold, generating 89,000 atoms per second.

Using the particle accelerator LHC, scientists altered lead atoms by ejecting three positively charged particles (protons), transforming them into gold atoms. The strong electromagnetic fields surrounding the atoms induced elemental changes upon collision. The team, known as the ALICE Collaboration, has raised concerns about the scarcity of gold due to this breakthrough.

Despite the excitement, the gold created in the experiments quickly disintegrated, preventing its collection. Regardless, ongoing research in this area could lead to significant advancements in the future.

Crypto analyst and Crypto Banter host, Ran Neuner, expressed concerns over the implications of lab-created gold on its market value, predicting a potential shift towards Bitcoin. Neuner highlighted that lab-produced gold shares similar characteristics with mined gold but at a fraction of the cost. Comparing this scenario to lab-grown diamonds affecting the diamond market, Neuner anticipates a possible transition of investor focus from gold to Bitcoin as a valuable asset.

However, Bitcoin faces its own challenges, particularly the threat of quantum computing jeopardizing its security. As industries like BlackRock raise concerns over the potential obsoletion of Bitcoin's cryptographic algorithms, it is crucial to understand why Bitcoin may not entirely replace gold yet.

In other news, JPMorgan analysts forecasted Bitcoin's outperformance compared to gold in the near future, given the increasing adoption by institutions and companies. This aligns with the rise in corporate Bitcoin holdings, with over 2,000 businesses utilizing platforms like River to accumulate BTC.

Amid this optimism, industry experts like BitMEX's Arthur Hayes predict Bitcoin could reach $1 million by 2028. Hayes attributes this surge to factors such as US capital controls on foreign assets and monetary devaluation, positioning Bitcoin as an attractive digital asset.

As we track these developments, it is essential to keep an eye on the evolving landscape of crypto equities, with companies like MicroStrategy, Coinbase Global, Galaxy Digital Holdings, and others showing significant movement in the market.