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JPMorgan: Bitcoin more attractive than gold in the long term
Theo JPMorgan, gold has risen sharply and fluctuated significantly recently, making Bitcoin more attractive in the long term, with prices potentially reaching 266,000 USD.
In a newly released report, JPMorgan made a comparison as the price increase of gold has significantly outperformed Bitcoin (BTC) since October of last year. Gold prices have also fluctuated more sharply, leading to BTC now being 'even more attractive than gold in the long term.' They added that the volatility ratio of Bitcoin to gold has decreased to about 1.5 times - a record low - making BTC increasingly appealing on a volatility-adjusted basis.
In a newly released report, JPMorgan made a comparison as the price increase of gold has significantly outperformed Bitcoin (BTC) since October of last year. Gold prices have also fluctuated more sharply, leading to BTC now being 'even more attractive than gold in the long term.' They added that the volatility ratio of Bitcoin to gold has decreased to about 1.5 times - a record low - making BTC increasingly appealing on a volatility-adjusted basis.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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