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JPMorgan: Bitcoin’s Record Run Is Being Driven By Inflation – ‘not [by] the first U.S. bitcoin futures exchange-traded fund (ETF)’

JPMorgan: Bitcoin’s Record Run Is Being Driven By Inflation – ‘not [by] the first U.S. bitcoin futures exchange-traded fund (ETF)’



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3 Comments

  1. driven by inflation or ETFs coming into the market, whats it matter?

    both of those aren’t stopping anytime soon lol

    ​

    that’s like saying a tsunami is coming because of a landslide vs earthquake

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    regardless, you better get your ass ready

  2. tldr; Inflation concerns are driving Bitcoin’s record run, JPMorgan strategists said. Gold is failing to perform as an inflation hedge, prompting investors to rotate into BTC. “We believe the perception of Bitcoin as a better inflation hedge than gold is the main reason for the current upswing,” they added.

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

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