JPMorgan Says ‘Unrealistic’ to Expect Bitcoin to Match Gold Within Investors’ Portfolios
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JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be unrealistic to expect bitcoin to match gold within investors’ portfolios in notional amounts,” a JPMorgan strategist stressed, adding: “Most investors take risk and volatility into […]
JPMorgan analysts believe Bitcoin (BTC) could rise to about $170,000 in the next 6 to 12 months. According to the report, this prediction is based on a comparison of Bitcoin and gold, taking into account Bitcoin’s price fluctuations. The analysts think Bitcoin still has a lot of growth potential in…