Bitcoin Overtakes Gold in Investor Portfolios

Bitcoin Overtakes Gold in Investor Portfolios



In a recent study conducted by JPMorgan, it was found that Bitcoin now exceeds gold in its share of investor portfolios, once adjustments for volatility are made. Nikolaos Panigirtzoglou, a top executive at JPMorgan, highlighted that the allocation for Bitcoin (BTC) is now 3.7 times higher than that for gold. This shift is largely attributed to the significant capital inflow into spot Bitcoin Exchange-Traded Funds (ETFs). Following the green light for these ETFs in January, an impressive sum of over $10 billion has been poured into the market, with projections suggesting a potential growth to $62 billion.



Forecasts by JPM Securities suggest that the market for spot Bitcoin ETFs could swell to $220 billion in the next 2-3 years, a development that could have a profound effect on Bitcoin's valuation.



The positive impact of this


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

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