ICYMI - JP Morgan notes that Bitcoin has surpassed gold in investor portfolio allocation

JPMorgan says that when adjusting for volatility, Bitcoin's allocation in investor portfolios has already outpaced that of gold:Bitcoin has a 3.7 times greater allocation compared to bullionpointed to a net inflow of US$9 billion into Bitcoin ETFs since their inceptionsuggests a potential Bitcoin ETF market size could reach $62 billion if gold is used as a benchmarkBTC/USD update, it stabilised a little over the weekend: This article was written by Eamonn Sheridan at www.forexlive.com.

Mar 18, 2024 - 06:15
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ICYMI - JP Morgan notes that Bitcoin has surpassed gold in investor portfolio allocation

JPMorgan says that when adjusting for volatility, Bitcoin's allocation in investor portfolios has already outpaced that of gold:

  • Bitcoin has a 3.7 times greater allocation compared to bullion
  • pointed to a net inflow of US$9 billion into Bitcoin ETFs since their inception
  • suggests a potential Bitcoin ETF market size could reach $62 billion if gold is used as a benchmark

BTC/USD update, it stabilised a little over the weekend: This article was written by Eamonn Sheridan at www.forexlive.com.

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