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JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump



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  1. tldr; Bitcoin broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (BITO) on Tuesday. JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation. The shift away from gold ETFs into Bitcoin funds is gathering speed since September and “supports a bullish outlook for Bitcoin into year-end”

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

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