Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan

Date:

Share post:



Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan

If bitcoin (BTC) were to match gold’s allocation in investor portfolios, its market cap should rise to $3.3 trillion, implying a more than doubling of its price, but that probably won’t happen because of the cryptocurrency’s risk and heightened volatility, JPMorgan (JPM) said in a research report.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Riot’s Anthropic Deal Shows Bitcoin Miners Are Moving Deeper Into AI Compute

Riot Platforms has signed a long-term data center lease agreement tied to Anthropic, giving the Bitcoin miner...

Dividend Yield Calculator | WikiFinancePedia

While an increase in stock price is certainly a potential return on investment, there are other factors...

Emergency Funds, Splurge Accounts and the Epilogue of the Rick Springfield Saga

Emergency Funds, Splurge Accounts and the Epilogue of the Rick Springfield Saga Posted by Cynthia Flannigan on Aug...

Failed Essex IFA firm declared in default

Essex IFA firm EB Securities Limited (FRN 478541) has been declared in default today (14 August) by...