💠💠💠 Bitcoin's recent #growth has been linked to #institutional #investment. As soon as large #investors left the stable "harbor" of #gold, the price of #bitcoin hit a record. There is a debate among #WallStreet #analysts over whether cryptocurrency can compete with gold? And will it become a hedge against #inflation and a #portfolio #diversifier?
Even if large #investors start pouring a small part of their assets into #cryptocurrencies. This event will change the diversification #strategy on Wall Street.
According to #analysts at #JPMORGANChase&Co., large investors transferred 93 tons of gold in dollars worth about $ 5 billion for further purchases of cryptocurrency. According to #CoinShares analysts, the cryptocurrency #capitalization is 3.1% of the size of gold. If the capitalization is increased to 5%, then the price of bitcoin can double, up to $ 32,000.
Follow our news 💠💠💠
#WBBC #wbb
Even if large #investors start pouring a small part of their assets into #cryptocurrencies. This event will change the diversification #strategy on Wall Street.
According to #analysts at #JPMORGANChase&Co., large investors transferred 93 tons of gold in dollars worth about $ 5 billion for further purchases of cryptocurrency. According to #CoinShares analysts, the cryptocurrency #capitalization is 3.1% of the size of gold. If the capitalization is increased to 5%, then the price of bitcoin can double, up to $ 32,000.
Follow our news 💠💠💠
#WBBC #wbb