-

JPMorgan Bitcoin Better Inflation Hedge Than Gold

  • JPMorgan analysts have shared that they imagine an elevated urge for food from institutional buyers has been fueling the Bitcoin rally.
  • “Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold,” JPMorgan stated.
  • Money is flowing out of gold and into bitcoin, in accordance to the large financial institution.

Bitcoin drove previous a $1 trillion market capitalization yesterday because the greenback worth for 1 BTC surged previous $55,000. According to a Markets Insider report, U.S. large financial institution JPMorgan stated in a notice right now {that a} vary of things could also be fueling the rally, together with institutional investor urge for food, assurances that the U.S. will not ban BTC, and the current rise of the Lightning Network.

“The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge,” JPMorgan stated. “Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold.”

Source link

Latest news

ETH/USD Gains Momentum to Thrust Upward

Join Our Telegram channel to keep up to date on breaking information protection Better than anticipated, Ethereum has risen considerably...

SOL Price Prediction: SOL Is Just Below $14; Will We See $15 by Christmas?

Join Our Telegram channel to keep up to date on breaking information protection The current collapse of the FTX platform,...

Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear?

Bitcoin is retracing its current week losses, and it’s about to reclaim the help misplaced through the FTX debacle....

GMX Price Prediction as GMX Token Surges Towards Record Highs Above $50

Join Our Telegram channel to keep up to date on breaking information protection GMX, the token that powers the Decentralized...
- Advertisement -spot_img

Biggest Crypto Gainers Today – December 1st

Join Our Telegram channel to keep up to date on breaking information protection A number of currencies present useful alternatives...

CAKE Coils Up Before A Run-up To $4.30

Join Our Telegram channel to keep up to date on breaking information protection Ever since PancakeSwap (CAKE) hit an all-time...

Must read

ETH/USD Gains Momentum to Thrust Upward

Join Our Telegram channel to keep up to date...

SOL Price Prediction: SOL Is Just Below $14; Will We See $15 by Christmas?

Join Our Telegram channel to keep up to date...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you