Bitcoin is more commonly used as protection against risks than gold.
At JPMorgan, they observed a high demand for risk hedging through IBIT: investors still assign a higher risk to $BTC than to $XAU .
If this demand starts to decline, the first cryptocurrency may receive additional support.
$AKE 👀👀👀👀👀👀
#BTCVSGOLD #JPMorgan #SOLJumpsAbout10% #HKCompletesFirstHKDStablecoinUseCase #bullish
At JPMorgan, they observed a high demand for risk hedging through IBIT: investors still assign a higher risk to $BTC than to $XAU .
If this demand starts to decline, the first cryptocurrency may receive additional support.
$AKE 👀👀👀👀👀👀
#BTCVSGOLD #JPMorgan #SOLJumpsAbout10% #HKCompletesFirstHKDStablecoinUseCase #bullish
