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Investors Are Preferring Bitcoin Over Gold, According to JP Morgan

Investors Are Preferring Bitcoin Over Gold, According to JP Morgan



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  1. tldr; JP Morgan Chase has listed three reasons why Bitcoin broke through key resistance levels this week, reclaiming its trillion-dollar market cap. The investment bank believes institutional investors are investing in Bitcoin as an inflation hedge that is superior to gold. The lightning network is helping Bitcoin serve as a medium of exchange, alongside a store of value. The US Federal Reserve has confirmed that it has no intention to ban cryptocurrencies.

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

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