Digital Coin News

Gold Investors Aren't Switching Into Bitcoin, JPMorgan Says

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Will Canny is CoinDesk's finance reporter.

The biggest and most established global hub for everything crypto, blockchain and Web3.The bank’s analysis shows a build-up in gold and bitcoin futures since February.Institutional investors and individuals have been buying both gold and bitcoin

“Private investors and individuals have propagated both gold and bitcoin year-to-date rather than shifting from the former to the latter,” analysts led by Nikolaos Panigirtzoglou wrote. The bank’s analysis shows a “sharp position build-up since February of $7b in bitcoin futures and $30b in gold futures.”looks high, the bank said, which means both assets could fall back toward their average levels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorganWill Canny is CoinDesk's finance reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin (BTC) Surpasses Gold in Investor Portfolios: JP MorganGold has lost its positions to Bitcoin for many investors, JP Morgan statement says
Source: Utoday_en - 🏆 295. / 63 Read more »