JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

JPMorgan: Institutional Investors Dump Gold for Bitcoin Amid Inflation ConcernsGlobal investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not ban cryptocurrencies. JPMorgan Sees Renewed Interest in Bitcoin JPMorgan published a research […]
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Author: toutiao