Jpmorgan Bitcoin Gold

Bitcoin s market capitalization of around 575 billion would have to rise by 4 6 times for a theoretical price of 146 000 to match the. Bitcoin has the potential to reach 146 000 in the long term as it competes with gold as an asset class jpmorgan published in a note.

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Jpmorgan s calculations suggest bitcoin only accounts for 0 18 of family office assets compared with 3 3 for gold etfs.

Jpmorgan bitcoin gold. Jpmorgan s calculations suggest bitcoin only accounts for 0 18 of family office assets compared with 3 3 for gold etfs. Jpmorgan said bitcoin could rally as high as 146 000 in the long term as it competes with gold as an alternative currency. One way to play the theme is buying one unit of grayscale and selling three units of the spdr gold trust the bank said.

The analysts from the giant multinational investment bank also noted that the comparison between the two assets could propel a massive price increase for btc. A jpmorgan report suggested that some investors such as family offices have been allocating more funds into bitcoin rather than gold in recent months. Jpmorgan s analysts have made a case that bitcoin s price could reach 146 000 as the cryptocurrency s competition with gold heats up.

However the most popular cryptocurrency will require its price volatility to drop considerably for institutional investors to confidently make a bet on it. Tilting the needle from gold to bitcoin would represent the transfer of billions in cash. Meanwhile the firm s global strategist sees the current.

Bitcoin s volatility would need to drop substantially before it can. Digital currency bitcoin has emerged as a rival to gold and could trade as high as 146 000 if it becomes established as a safe haven asset investment bank jpmorgan jpm said on tuesday. Millennials embrace of bitcoin could see it crowd out gold in the long term jp morgan writes.

Tilting the needle from gold to bitcoin would represent the transfer of billions in cash. Bloomberg bitcoin has the potential to reach 146 000 in the long term as it competes with gold as an asset class according to jpmorgan chase co. Digital currency bitcoin has emerged as a rival to gold and could trade as high as 146 000 if it becomes established as a safe haven asset investment bank jpmorgan jpm said on tuesday.

Interest in the world s biggest cryptocurrency has soared this year with investors viewing bitcoin as a hedge against inflation and an alternative to the.

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