JPMorgan Bitcoin Better Inflation Hedge Than Gold


  • JPMorgan analysts have shared that they believe an increased appetite from institutional investors has been fueling the Bitcoin rally.
  • “Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold,” JPMorgan said.
  • Money is flowing out of gold and into bitcoin, according to the big bank.

Bitcoin drove past a $1 trillion market capitalization yesterday as the dollar price for 1 BTC surged past $55,000. According to a Markets Insider report, U.S. big bank JPMorgan said in a note today that a range of factors may be fueling the rally, including institutional investor appetite, assurances that the U.S. won’t ban BTC, and the recent rise of the Lightning Network.

“The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge,” JPMorgan said. “Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold.”


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