Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan By Cointelegraph
(*)© Reuters. [ad_1]
(BTCThis week, ) led a 35% rally by climbing far above the $50,000 resistance and recovering a $1 trillion market capitalization for the asset. JPMorgan (NYSE) shared a note with clients Thursday that indicated the price increase for recent weeks.
BTCThis is largely due to institutions that were seeking to inflate their portfolios. Disclaimer
Fusion Media This website does not provide accurate and current data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.Fusion Media
Fusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.