Topic: JPMorgan Says Institutions Ditching Gold ETFs for Bitcoin (Read 196 times)
They are finally on the hunt for Bitcoin and getting ahead of their peers. But it poses a serious problem of capitalization for us traders/investors.
Big players are finally starting to wake up & smell the coffee. JPMorgan aren’t stupid, they make money, serious money. They’re not about to start losing money due to what’s happened in the pandemic. They will be looking for a hedge & bitcoin is as good as any.
There's more demand for Grayscale's Bitcoin Trust than all gold ETFs combined, according to JPMorgan
https://coinmarketcap.com/headlines/news/jpmorgan-says-institutions-ditching-gold-etfs-for-bitcoin/
https://coinmarketcap.com/headlines/news/jpmorgan-says-institutions-ditching-gold-etfs-for-bitcoin/
Bitcoin is a better investment for short-term potential gain and that is why most institutions now ditch gold and go for Bitcoin but you also have the potential to lose a lot of money. Gold, however, is a stable investment that is almost guaranteed to return on your investment in the long term.
I believe investors would stick more to gold than Bitcoin if they are planning a long term investment and they are afraid to make loss.
Well Grayscale has set the precedence, and it has proven that it is very effective today because we are in the bull run and this rich people wants to get a taste of what crypto or bitcoin is, so probably some of them are moving their assets to bitcoin today and staying away from the traditional Gold investments.
But I don't think that they are going to ditch gold totally, maybe they are just diversifying their portfolio. So bitcoin, being one of the best assets in the last five years is a perfect fit for this kind of investors as store of value and hedge against inflation, their wealth secure.
But I don't think that they are going to ditch gold totally, maybe they are just diversifying their portfolio. So bitcoin, being one of the best assets in the last five years is a perfect fit for this kind of investors as store of value and hedge against inflation, their wealth secure.
Quote
Institutional investors, such as family offices, now view the world’s largest cryptocurrency as a digital alternative to the yellow metal that used to be a go-to safe haven
This should be normal, bitcoin is makeing life more easy, and unlike gold, you can decide to purchase just $200 or less, which makes bitcoin purchase more flexible and easy. Bitcoin is a digital currency that if protected well, it is perfect to avoid theft unlike gold that can be stolen, also bitcoin is deflationary currency with intrinsic value and appreciative asset unlike fiats that are depreciative assets. So, bitcoin solve the theft and inflation issue. Why will people not go for it, I have thought of bitcoin purchase 99.99% times without thinking about gold purchase for now. People will go for bitcoin because it serves the whole purposes of fiats and commodities like gold all together. Bitcoin is money, currency, commodity and asset, four in one, it is not easy.
There's more demand for Grayscale's Bitcoin Trust than all gold ETFs combined, according to JPMorgan
https://coinmarketcap.com/headlines/news/jpmorgan-says-institutions-ditching-gold-etfs-for-bitcoin/
https://coinmarketcap.com/headlines/news/jpmorgan-says-institutions-ditching-gold-etfs-for-bitcoin/
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