Topic: Bitcoin will eat Gold’s market share, according to JPMorgan - page 2. (Read 316 times)

It's already started to eat the Gold market as soon as when big corporations investing in bitcoin such as micro strategy and greyscale, and many more big companies will invest in bitcoin in the next 2 to 3 years. Not only Gold market bitcoin will bring lots of stock market share also into crypto within next 2 years. That's just my opinion.

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.

Well even a blind can see that! Gold has been a preferred asset since many years for the corporates as a reserve of cash equivalent. But in recent times millions of dollars have been invested in crypto market (mainly bitcoin) by the corporates! So it's clear as daylight!

Whatever Snappa and Greyscale has done, will be definitely followed by other corporates, if these investments don't depreciate over time! There are many companies sitting on a pile of cash but little too conservative when it comes to bitcoin! Slowly they will join the bandwagon, at least for a trial run! Probably we will see many such instances in 2021. Let's wait and watch!

JPMorgan just saying the naked truth, because this industry just started on a good note and if this continues the world of metals will definitely experience negativity. Institutional investors are just doing their best in investment into Bitcoin and also ie with individual investors in the industry, Bitcoin will eat metals soon.

At least they acknowledge that, given that a year ago it seems like they don’t want to deal with bitcoin even in a thousand lifetimes. It feels as if JPMorgan is invested all along, and was just looking for the best time to praise bitcoin to maximize their profits. There’s a possibility that this is true given their eagerness to shift on the greener side once bitcoin already took the limelight.

I am still very cautious to say that Bitcoin is being used as a reserve asset and a safe haven, and even if this is the case, to a minimal extent, it can be explained with the current coronavirus situation.

But what will happen after the crisis?

Because it will have to end sooner or later, although it will take longer for the economic side to do so.
But the question is the same: once the crisis is over, economically speaking, will this tendency to use Bitcoin as a reserve asset remain?
Will people not return to their previous assets? I.e. go back to the gold market or whatever. This is something that is more likely to happen, especially if Bitcoin makes like in January 2018 by doing a royal fall

One thing is for sure, there is a long way to go before Bitcoin eats up the gold market and I don't think that's going to happen anytime soon. Probably in a decade. Anyway, the audience for gold (generally older people) is not the same as the audience for Bitcoin (younger people).

@Josefjix

Mobility is not an argument. You don't bring your gold with you when you go to the supermarket to buy toilet paper. You either store it or sell it, you don't use it as a mean of payment like Bitcoin.
Reserve assets ≠ payment means

More secure than gold is subjective. People can hack your wallet, what will you do? Nothing. On the other side, gold can not be hacked. And if someone stole your gold what will you do? Either you store it at home and you ask your assurance for a refund or store it in a vault and the company has to refund you. Something not possible with Bitcoin.

Not for the quickest time, I think gold is still the world's best recognized asset. Gold has been recognized by all countries in the world while bitcoin still has different legal regulations. Gold is universal and inflation resistant and therefore has a low risk.

Definitely it can happen because the new generation were believing in bitcoin instead of the old fashion which is gold. Bitcoin is a good asset compare to bitcoin in my opinion though gold is more safety than bitcoin due to its market wherein constantly rising over a period of time. However, both gold and bitcoin has still risk especially from the hacker for bitcoin and for gold are the robbers. No, investment is really safe unless the one doing the investment is good in keeping up the asset.

I 'm little surprised to see this. With more adoption of crypto people are starting to see that there are better alternatives out there than gold to lock up their assets for a long period of time, or even instead of shares. Each to their own!

I know for a fact that this is only touching the tip of the iceberg and cryptocurrency will pose major problems not only for gold but entire banking and finance industry - not that that can be surprising anymore!

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.

Growing mainstream acceptance of Bitcoin (BTC) as a reserve asset is having a direct impact on gold, setting the stage for a major shift in institutional allocation between the two assets, according to analysts at JPMorgan Chase. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/12/14/bitcoin-will-eat-golds-market-share-according-to-jpmorgan/