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Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists

Post author:MiamiCrypto
Post published:October 24, 2022
Post category:Alkesh Shah Andrew Moss Bank of America bank of america bitcoin Bitcoin bitcoin prices Bofa BTC Prices correlation Fed Federal Reserve Finance Global Economy gold Gold and bitcoin correlation gold bitcoin Gold Prices Greenback Haven haven asset Market Capitalization Ounce of Gold Safe Haven Safe-Haven Assets US Dollar

Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been…

JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

Post author:MiamiCrypto
Post published:October 8, 2021
Post category:bitcoin funds Bitcoin Price gold bitcoin gold ETFs inflation hedge Institutional investors.JP Morgan JPMorgan JPMorgan & Chase jpmorgan bitcoin Markets and Prices Price Rise

Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price…