JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be unrealistic to expect bitcoin to match gold within investors’ portfolios in notional amounts,” a JPMorgan strategist stressed, adding: “Most investors take risk and volatility into […] Original
Moreover, bitcoin has demonstrated its worth as a lucrative store of value, showcasing substantial growth potential over the years. By investing long-term in bitcoin, women have an opportunity to amass wealth and safeguard their financial stability. This becomes particularly critical for women potentially taking career breaks to attend to familial duties, as bitcoin serves as a reliable investment, steadily appreciating over time and providing a buffer for financial security. Original
If bitcoin (BTC) were to match gold’s allocation in investor portfolios, its market cap should rise to $3.3 trillion, implying a more than doubling of its price, but that probably won’t happen because of the cryptocurrency’s risk and heightened volatility, JPMorgan (JPM) said in a research report. Original
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Investor sentiment in Bitcoin ETFs reflects a growing preference for the crypto over traditional gold despite both reaching unprecedented price levels. Bitcoin and gold are often seen as protective measures against inflation and valuable assets, but this year has marked a notable divergence in investor behavior. Recent data reveals gold ETFs experienced withdrawals totaling approximately $4.6 billion. Conversely, Bitcoin ETFs approved by the SEC on Jan. 11 witnessed $8 billion in net investments, marking a record debut for the financial instruments. There is no second best! #Bitcoin absolutely demolishing gold…
Deutsche Börse has unveiled its entry into the regulated digital assets market with the introduction of DBDX, a dedicated platform for institutional cryptocurrency trading. Under the leadership of Carl Koelzer, who oversees FX and digital assets, DBDX aims to deliver a secure and transparent trading platform tailored for Europe’s institutional investors. Deutsche Börse Reveals DBDX […] Source CryptoX Portal
China’s state-run newspaper has issued a crucial advisory to investors, urging vigilance amidst Bitcoin’s (BTC) recent surge to a two-year peak of over $65,000. The caution comes in the backdrop of persistent regulatory concerns and a dynamic global crypto landscape. China’s clampdown on cryptocurrencies has been long-standing. In September 2021, the government labelled various crypto-related activities as illegal. While this move aimed to curb specific actions, ownership of digital assets like Bitcoin (BTC) or Ethereum (ETH) was not outright prohibited. However, lingering concerns over capital flight and financial instability persist,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE has been listed on Robinhood. Meanwhile, rising Shibarium’s metrics have boosted Shiba Inu (SHIB) prices. On the other hand, Rebel Satoshi (RBLZ) is being explored. PEPE soars after Robinhood listing On Feb. 14, 2024, Robinhood, a prominent crypto trading and exchange platform, listed several new tokens, including PEPE. This development marks a significant milestone for PEPE, as it now joins the ranks of the 25 coins listed on…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto world has opened up the financial markets to the masses, giving individuals the world over a chance to participate in investment opportunities previously restricted to professional and institutional investors. The result is a level playing field giving everyone the same chance to invest in cryptocurrencies, especially when it comes to presale opportunities that could generate eye-watering gains. One of those opportunities in 2024 is DeeStream, a platform…
With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. The flagship cryptocurrency exploded in the final week of February, which ended as the best month since 2020 . It started the week around $50,000 on Monday and leapt above $62,000 by the end of the week —just 10% below its November 2021 all-time high of $68,982.20. “The recent price action seems too quick and too big to sustain over the next month,” said Yuya Hasegawa, crypto market analyst at Japanese bitcoin…