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Institutions buying Bitcoin rather than gold as inflation cranks up – JPMorgan

Institutions buying Bitcoin rather than gold as inflation cranks up – JPMorgan



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  1. tldr; According to JPMorgan, institutional investors are hedging against inflation with Bitcoin. The recent increase in price for BTC was predominantly attributed to institutional investors looking for a hedge to inflation. The momentum toward Bitcoin is in contrast to a JPMorgan report in May, when analysts noted big investors were switching out of Bitcoin and into traditional gold.

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

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