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Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge



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7 Comments

  1. Funny how the bankers say it has no value but have no problems acting as a middle man to extract value from their clients buying something that has no value. I love how principled they are.

  2. tldr; JPMorgan says institutional traders are returning to bitcoin, seeing the cryptocurrency as a greater inflation hedge than gold. The agency’s analysts describe three key drivers pushing the value of bitcoin from about $40K to about $55K in a brief time frame. JPMorgan CEO Jamie Dimon believes that bitcoin has no intrinsic worth and regulators will “regulate the hell out of it”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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