CryptocurrencyForex
globalreutersMarch 18, 20241 Mins read
ICYMI – JP Morgan notes that Bitcoin has surpassed gold in investor portfolio allocation
globalreutersMarch 18, 20241 Mins read 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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