Topic: Bitcoin will eat Gold’s market share, according to JPMorgan (Read 289 times)
What JP Morgan said that bitcoin will eat the golds market share, could happen. We have seen that the popularity of bitcoin, as well as public trust in cryptocurrency, is increasing. Currently, many gold investors are turning to bitcoin. Bitcoin diversifies the company's investment in gold and inflation-related bonds and acts as a hedge against several monetary risks.
I think that bitcoin is a good competitor to gold and can even surpass it, since it is now more profitable to invest in bitcoin since it is not tied to anything like gold and the factors affecting the bitcoin rate are much less than gold, so invest in bitcoin
I don't know how bitcoin will eat gold, but I hope that gold and bitcoin can work side by side and not interfere with each market because gold and bitcoin had a different market.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.
Gold is still a safe haven. I'd say safer than Bitcoin. So if one is looking for a safe haven, I believe one should go for gold rather than Bitcoin.
But in terms of competition between the two, it cannot be avoided. It is impossible that both markets won't collide in one way or another. For example, you've mentioned about profit. Which would provide you a quicker and bigger profit? Is it gold or Bitcoin? Your answer would then determine where your money goes. That's one instance of competition.
Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.
Maybe people who invest in gold are not ready to invest in bitcoin because of the volatility.
Maybe bitcoin does not give a quicker and bigger profit in the short term, which is happening with gold.
But if we talk about the future, maybe bitcoin will have a big opportunity to give a bigger profit than gold.
What people search for the way to save their money is gold because many of them prefer to use traditional ways.
If you go to the jewelry shop, you will get real gold at $10k because that is what they know so far, and from what their parents told them.
But if people know about bitcoin and enthusiastic about the new technology, he will choose bitcoin as their investment.
So that will depend on each people itself.
But we are now in the digital world, which many people still do not know. But bitcoin will have its way to reach that person to join with bitcoin someday.
Bitcoin has high volatility which gold lacks and the mobility and convince makes it more durable and secured than gold. If the growth and adoption by different institutions continues thriving, gold wouldn't catch up with the pace at which Bitcoin is going.
indeed, this is the difference that stands out between gold and bitcoin. We saw how gold could not be fully owned by our control, the government would watch over us and immediately impose a written tax. while owning bitcoin is of course difficult to detect and is only known individually. Therefore, today many people are avoiding gold and turning to bitcoin. The comparison is very far, having 1 kilo of gold with 1 bitcoin, will be very worrying about holding gold rather than holding bitcoin.
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Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.
Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.
Exactly. Most people still don't understand how can Bitcoin be of any value, while gold is valuable for thousands years. It's not that hard to check whether you were given real gold, but with Bitcoin it is much more complected. No wonder people still are hesitant to believe that those numbers on their computer/phone/wallet screens can be somehow better, store-of-value wise, than pure gold.
2021-2022 period will see much much greater profit from BTC holding than gold with 99% certainty. bitcoin is a very good investment and as institutions enter market and it becomes widely accepted as times goes then I am sure than some day (probably only after some years) one will not need to worry how to sell BTC but it will be enough to buy directly goods and services with btc (probably with a small portion of BTC as it hopefully reaches 6-digit amount). I believe early adopters who have thousand of BTCs will sell (if already not) once the price reaches higher amount and only serious players and institutions will hold great amounts of BTCs as it applies for all serious assets.
I think since the COVID-19 crash of the market the recovery of Bitcoin has made people stand up. Obviously, centuries of history with Gold but surely a good bet is seeing that market cap gap shrink.
For me, Bitcoin will always be a sound investment but I see it slowly becoming that for other people, like what gold is today.
For me, Bitcoin will always be a sound investment but I see it slowly becoming that for other people, like what gold is today.
I don't know how bitcoin will eat gold, but I hope that gold and bitcoin can work side by side and not interfere with each market because gold and bitcoin had a different market.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.
Gold is still a safe haven. I'd say safer than Bitcoin. So if one is looking for a safe haven, I believe one should go for gold rather than Bitcoin.
But in terms of competition between the two, it cannot be avoided. It is impossible that both markets won't collide in one way or another. For example, you've mentioned about profit. Which would provide you a quicker and bigger profit? Is it gold or Bitcoin? Your answer would then determine where your money goes. That's one instance of competition.
Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.
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“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.”
Looking beyond JPMorgan’s analysis, there is clear evidence that institutional uptake of Bitcoin is rising. Grayscale, a digital-asset manager, has recorded record inflows into its Bitcoin and #Ethereum (ETH) trusts. Grayscale, Paypal and Cash App are buying up more BTC than is being mined each day.
Data aggregator CoinShares has also reported on the recent surge in crypto capital inflows. Over just four weeks, Bitcoin products sucked in $1.4 billion. Gold, meanwhile, recorded record outflows of $9.2 billion.
Bitcoin has high volatility which gold lacks and the mobility and convince makes it more durable and secured than gold. If the growth and adoption by different institutions continues thriving, gold wouldn't catch up with the pace at which Bitcoin is going.Looking beyond JPMorgan’s analysis, there is clear evidence that institutional uptake of Bitcoin is rising. Grayscale, a digital-asset manager, has recorded record inflows into its Bitcoin and #Ethereum (ETH) trusts. Grayscale, Paypal and Cash App are buying up more BTC than is being mined each day.
Data aggregator CoinShares has also reported on the recent surge in crypto capital inflows. Over just four weeks, Bitcoin products sucked in $1.4 billion. Gold, meanwhile, recorded record outflows of $9.2 billion.
I can't agree with that.Bitcoin would need several years of continuing adoption by the institutional investors,in order to beat gold levels.
Bitcoin products "sucked in" 1.4 billion USD,which is a positive sign,however 1.4 billion USD is a ridiculously small amount for the financial markets,where billions and trillions of dollars are moved every day.
No analyst in the world would base his conclusions on such small amounts.
I'm wondering why JPMorgan is still so bullish about Bitcoin?Are they secretly buying Bitcoins?
Graysacle,Paypal and Cash App aren't enough for a mass Bitcoin adoption.We need the big banks to step in,if we want Bitcoin to hit the moon.
I don't know how bitcoin will eat gold, but I hope that gold and bitcoin can work side by side and not interfere with each market because gold and bitcoin had a different market.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.
To the best of my knowledge, I think Gold is the only major asset which can challenge Bitcoin but nowadays the table has turned and Bitcoin is now challenging Gold to the extent of taking a chunk of its market share, this is a confirmation that more people are now seeing Bitcoin as a store of value despite its volatility. In addition, all these are happening this year which is as a result of the different Institutional investors and players massively going for Bitcoin because it is evident the future revolves around it. Furthermore, I believe with more adoption from all round, Bitcoin will continue soaring high while becoming more valuable as well and thus keeping gold in check.
I think Gold will be challenged by BTC. Investerors have the choice between 2 great investments. This article about JPMorgan is also interesting: JPMorgan Predicts $600 Billion Worth of Institutional Inflow In Bitcoin
I'm not going to be surprised though, and as I have set previously, it bitcoin would go on a 6 digits price, the money could come from another set of investors, like gold bugs or other precious metals or even oil. But I doubt that this could happen overtime though, the gold market or gold investors are huge, the probably the process might take years to finally see a paradigm shift here. And maybe majority of gold holders right now as still skeptical on bitcoin, only minority see it as an alternatives.
I think Gold will always have its place as a secure physical store of value- after all it's been used as money since nearly the dawn of time. I do believe it's a good idea to hold both physical Gold and digital Bitcoin, as they both have their own pros and cons & individual uses.
And by the way if anybody's interested in buying some beautifully stunning 24K Gold and Platinum for BTCitcoin at one of the best, if not THE best values in the market- click the top link in my signature and upon sign-up you will even get $5 free towards your first purchase and, if I remember correctly, some money back from your first purchase as well!
And by the way if anybody's interested in buying some beautifully stunning 24K Gold and Platinum for BTCitcoin at one of the best, if not THE best values in the market- click the top link in my signature and upon sign-up you will even get $5 free towards your first purchase and, if I remember correctly, some money back from your first purchase as well!
Things are getting positive for bitcoin this time and it's coming from JP Morgan. Just going back and remembering a few years ago, they're one of the bashers of bitcoin and then turned suddenly that they're accumulating bitcoin that they've hidden for their own sake.
Bitcoin will take every assets share in the future once most of these investors see that there's much more opportunity that their money would grow by just buying and holding bitcoin. It's an asset class although a speculative one still, a very rewarding and they will not go wrong having it.
Bitcoin will take every assets share in the future once most of these investors see that there's much more opportunity that their money would grow by just buying and holding bitcoin. It's an asset class although a speculative one still, a very rewarding and they will not go wrong having it.
A million bitcoins sitting in one disused wallet equates to roughly twenty billion dollars at the moment if the rumours of satoshi's HODLing's are true. If sold even for half of that price, that would have to take a fair chunk out of the spot gold market.
I am still very cautious to say that Bitcoin is being used as a reserve asset and a safe haven,
I don't think this is actually happening, it seems more like it is being exaggerated a lot by the media. It is a normal thing to see during bull runs that everyone including institutional investors start buying more bitcoin and increase their holdings but it is not yet replacing anything else like gold for example.Of course the attraction grows with each bull cycle.
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it can be explained with the current coronavirus situation.
I disagree. It is more about bitcoin's age. The first cycle price did go up just as much and gave a lot of profit but it was unpopular. After 11 years of rising and showing all kinds of potential it is bound to have increased adoption. It is not just us who sees this kind of profit in bitcoin. 
I don't have even one percent doubt in the article because gold has become old schools and doesn't profit the amount of profit which Bitcoin can provide, at the same time there would be a risk factor in bitcoin about losing on your capital if you panic sell it. Bitcoin might have more market share than Bitcoin in a decade as Bitcoin has been gradually adopted by corps and we will still have people who will follow he traditional method of investing into gold as they don't want risk and happy with lesser profit.
Gold might be old school but there are far more uses that you can utilize it with than bitcoin, the price of gold might go down but it will always stay relevant, it is a precious metal after all. Not to mention, jewelers will lose their livelihood if the price of gold goes down, so they will do anything in their power to make sure that gold will stay as it is, even if companies are using bitcoin as a reserve, it still is not enough to light a candle near the enormous amount of reserves of countries like US, Britain and other influential nations. Investing in gold though is a different story, I lean more on cryptocurrency because gold is such a bitch when you want to invest in one, you need a lot of papers for your identity just to make sure that you are eligible and you can't even hold the gold, in other words, you have to pay for storage. 
I cannot verify the source info on the site you have given, but I'm curious about when they collected those inflows and outflows of BTC and Gold. After all, I'm quite concerned that many investments have been going down because people need actual money during the pandemic. It's what has happened all over the world, and everyone is affected. Those four weeks mentioned in the article didn't state when it was recorded, though.
It's definitely good news to hear that big banks like JPMorgan are predicting the future of BTC. I'm not sure if it's just shilling or not but as long as it's positive, right?
It's definitely good news to hear that big banks like JPMorgan are predicting the future of BTC. I'm not sure if it's just shilling or not but as long as it's positive, right?
Bitcoin has high volatility which gold lacks and the mobility and convince makes it more durable and secured than gold. If the growth and adoption by different institutions continues thriving, gold wouldn't catch up with the pace at which Bitcoin is going.
IMO, it's quite harder to trade compared to BTC because almost everyone can buy BTC and Gold is different. You have to have accounts and verification etc., to be applicable to trade those assets. 
Institutional investment is coming, because they dont want to be left behind!
Grayscale, Fidelity, Microstrategy and Paypal are leading the way and breaking
new ground in so far as "institutional investent" goes.
I'm calling 2021 to be Institutional FOMO!
As wealth transfers to younger generations Gold will be sold for Bitcoin.
The younger generation understand the advantages of Bitcoin.
Grayscale, Fidelity, Microstrategy and Paypal are leading the way and breaking
new ground in so far as "institutional investent" goes.
I'm calling 2021 to be Institutional FOMO!
As wealth transfers to younger generations Gold will be sold for Bitcoin.
The younger generation understand the advantages of Bitcoin.
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