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JP Morgan: Institutional Investors Prefer Bitcoin (BTC) Over Gold as Inflation Fears Rise

JP Morgan: Institutional Investors Prefer Bitcoin (BTC) Over Gold as Inflation Fears Rise



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6 Comments

  1. Huge news! Bitcoin is likely replacing Gold because it’s much easier to transfer, divide and store.

    And in opposite to Gold, Bitcoin is really scarce. in 100 years, we might detect untapped reserves of Gold, but Bitcoin is definitely capped at 21M

    Huge game changer!

  2. tldr; Institutional investors are more interested in bitcoin than gold as an inflation hedge, according to JP Morgan Chase. The bank noted that the fear of the rise of uncontrolled inflation has set panic among institutional investors as they look to hedge their long-term bets with a safe-haven asset. The U.S. Treasury recently announced that it will not be banning 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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