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Bitcoin will eat gold’s market share, in response to JPMorgan By Cointelegraph

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Bitcoin will eat gold’s market share, in response to JPMorgan

Rising mainstream acceptance of (BTC) as a reserve asset is having a direct impression on gold, setting the stage for a significant shift in institutional allocation between the 2 belongings, in response to analysts at JPMorgan Chase (NYSE:).

Quantitative strategists, together with Nikolaos Panigirtzoglou, consider that Bitcoin’s digital gold narrative will draw buyers away from valuable metals, presumably for years to return, resulting in a big divergence in worth between the 2 belongings.