JPMorgan Bitcoin Better Inflation Hedge Than Gold

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  • JPMorgan analysts have shared that they imagine an elevated urge for food from institutional traders has been fueling the Bitcoin rally.
  • “Institutional traders look like returning to bitcoin maybe seeing it as a greater inflation hedge than gold,” JPMorgan stated.
  • Cash is flowing out of gold and into bitcoin, in line with the massive financial institution.

Bitcoin drove previous a $1 trillion market capitalization yesterday because the greenback value for 1 BTC surged previous $55,000. In line with a Markets Insider report, U.S. large financial institution JPMorgan stated in a word right now {that a} vary of things could also be fueling the rally, together with institutional investor urge for food, assurances that the U.S. will not ban BTC, and the current rise of the Lightning Community.

“The re-emergence of inflation issues amongst traders has renewed curiosity within the utilization of bitcoin as an inflation hedge,” JPMorgan stated. “Institutional traders look like returning to bitcoin maybe seeing it as a greater inflation hedge than gold.”



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