Date and it’s not horse for the people of #venezuela :
JPMorgan— in a recent report by its analysts led by Nikolaos Panigirtzoglou— says something very similar: $BTC could rise more strongly than gold if people stop “protecting themselves” so much with hedges in Bitcoin ETFs.
This isn’t a promise that it will happen. It’s just: “if people feel safer and remove the protections, Bitcoin has more upside potential for this mechanical reason.” There are also other things that can move prices (news, the economy, etc.).
There are a lot of people “hedged” against a drop in Bitcoin right now. If they stop hedging, they’ll have to buy, and that could push the price up more than in gold. And many options contracts expire on 30-09.👇
JPMorgan— in a recent report by its analysts led by Nikolaos Panigirtzoglou— says something very similar: $BTC could rise more strongly than gold if people stop “protecting themselves” so much with hedges in Bitcoin ETFs.
This isn’t a promise that it will happen. It’s just: “if people feel safer and remove the protections, Bitcoin has more upside potential for this mechanical reason.” There are also other things that can move prices (news, the economy, etc.).
There are a lot of people “hedged” against a drop in Bitcoin right now. If they stop hedging, they’ll have to buy, and that could push the price up more than in gold. And many options contracts expire on 30-09.👇
