Fun

Bitcoin overtakes gold in investor portfolio allocation — JPMorgan

News Feed - 2024-03-15 10:03:38

Prashant Jha10 hours agoBitcoin overtakes gold in investor portfolio allocation — JPMorganBitcoin’s allocation in investor portfolios has reached 3.7 times that of gold when adjusted for volatility, according to a JPMorgan analyst.4595 Total views9 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBitcoin has now overtaken gold in investor portfolio allocation when adjusted for volatility, according to a JP Morgan analyst 


JPMorgan managing director Nikolaos Panigirtzoglou reportedly said that, when adjusting for volatility, Bitcoin (BTC) allocation in investor portfolios is 3.7 times greater than gold.


The analyst highlighted the significant inflows of over $10 billion into spot Bitcoin exchange-traded funds (ETFs) since their approval in January and claimed the potential Bitcoin ETF market size could reach $62 billion, using gold as a benchmark. 


Another report from JPM Securities predicts that the spot Bitcoin ETFs market could grow as large as $220 billion in the next two to three years:“We estimate $220B of incremental flows will come into the ETFs over the next three years, which could also be quite impactful to Bitcoin’s price given the multiplier on capital.”


Bitcoin ETFs have proven to be a net positive for the crypto market, with the world’s largest cryptocurrency gaining over 45% in market cap in February. Net sales for spot Bitcoin ETFs climbed to $6.1 billion in February, compared to $1.5 billion in January.


The largest daily inflows to the spot Bitcoin ETFs peaked at over $1 billion on March 12, and analysts believe this number could rise further once outflows from the Grayscale Bitcoin Trust ETF stop.


With the Bitcoin halving just over a month away, the supply of daily BTC would be cut down in half, which could fuel the demand further and lead to a supply crisis within the next six months, predicts Ki Young Ju, the CEO of crypto analytic firm CryptoQuant.Bitcoin supply shock. Source: Ki Young Ju on X


After a prolonged crypto winter lasting nearly three years, spot Bitcoin ETF approvals became a catalyst for BTC’s mammoth price action that has pushed it past the last bull cycle’s all-time high of above $69,000, as well as opening the doors to institutional adoption led by the world’s largest asset manager, BlackRock.# Bitcoin# Bitcoin Price# Bitcoin Regulation# Adoption# Cryptocurrency ExchangeAdd reactionAdd reactionRead morePrice analysis 3/15: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, DOTUK FCA approves crypto investment products, but there’s a catchSpot Bitcoin ETF net inflows drop by 80% as BTC price dips below $69K

News Feed

Finder’s Experts Predict Apecoin Will End 2022 at $27 per Token, 75% Think APE Is Just ‘Another Memecoin’
Finder’s Experts Predict Apecoin Will End 2022 at $27 per Token, 75% Think APE Is Just "Another Memecoin" On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH
Eidoo Card Is Available for Pre-Order – Seamlessly Connect Your Fiat and Crypto Wallets
Eidoo Card Is Available for Pre-Order – Seamlessly Connect Your Fiat and Crypto WalletsGone are the days when online fiat payment processors and digital wallets were viewed as som
New York AG reaches $2B settlement with Genesis ‘for defrauded victims’
Turner Wright8 hours agoNew York AG reaches $2B settlement with Genesis ‘for defrauded victims’The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors throug
23,250 ‘Sleeping Bitcoins’ Spent in 2021: This Year Old School Miners Moved $1 Billion in BTC From 2010-2013
23,250 "Sleeping Bitcoins" Spent in 2021: This Year Old School Miners Moved $1 Billion in BTC From 2010-2013 On Bitcoin’s 12th anniversary, a mystery miner from the early da
‘I expect to see no mention of Bitcoin’ — MARA CEO on Harris’ platform
Turner Wright1 hour ago‘I expect to see no mention of Bitcoin’ — MARA CEO on Harris’ platformDepending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US”
Filecoin, But Forever: Arweave Raises $5 Million to Build Out ‘Permaweb’
A startup drawing on ancient history for modern-day inspiration has raised $5 million to decentralize the permanent storage of the world’s information. “The big goal is to build
Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’
Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a "Better Store of Value’ On Nov. 2, 2022, the American economist and 13th chairman of th
FIO Protocol Launches NFT Domains Wrapped on Polygon
FIO Protocol Launches NFT Domains Wrapped on Polygon press release PRESS RELEASE.FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the
Bitcoin UTXO Surpasses COVID 2020 Levels To New ATH – Is This Good Or Bad For Price?
Este artículo también está disponible en español. Bitcoin’s consolidation below $68,000extended throughout this week, with bulls holding steady above the $66,000 suppor
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000, Some Anticipating Drop to $30,000
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000, Some Anticipating Drop to $30,000 After a boost on Tuesday, following the release of U.S. inflation data, bitcoin pri
Moon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale
Moon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale sponsored Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the oppo
Bitcoin’s Road To $1 Million: Expect A ‘Dip Then Rip,’ Bitwise CIO Says
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu