Today news
About the same in other media
Gold Will 'Suffer' as Bitcoin Catches On: JPMorgan
Reading now: 458
investopedia.comA new note from strategists at investment bank JPMorgan has warned that the value of gold will «suffer» as institutional investors move funds away from gold and into cryptocurrency funds. According to authors of the note, which lays out a bullish case for cryptocurrencies, gold will face a «structural flow headwind» as investors shift allegiance and money to Bitcoin (BTCUSD). The report does not provide a timeline for this event.
Bitcoin accounts for only 0.18% of assets held at family offices, the note's authors write. That amount is a fraction of the 3.3% of the total funds set aside for gold exchange-traded funds (ETFs). A change of strategy from gold to Bitcoin at family offices will represent the transfer of billions of dollars in
Read more on investopedia.comAbout this in other media
Immersive cooling tech could help Bitcoin mining go green by 2030 cointelegraph.com /3 years ago
What Gold needs to do if it wants to compete with Bitcoin ambcrypto.com /3 years ago
To the roots of mining: Bitcoin going green faster than ever cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
