JP Morgan: Expecting Bitcoin to Match Gold in Portfolios “Unrealistic”
JPMorgan Chase says that if Bitcoin were matched with gold in investment portfolios, its market cap would rise to $3.3 trillion, meaning the price would more than double, a view that ignores the risks. JPMorgan strategists stressed that it is unrealistic to expect Bitcoin to match gold in terms of notional amounts in investors’ portfolios. Most investors consider risk and volatility when allocating across asset classes.
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