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

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


Global 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 note Thursday stating that institutional investors are returning to bitcoin. Citing the trend of money flowing out of gold into BTC, the firm’s analysts wrote:

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Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold.

The analysts explained that there are three key drivers pushing the price of bitcoin from about $40K to about $55K in a short period of time. The price

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