• Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
Facebook X (Twitter) Instagram
Trending
  • KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack
  • Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple
  • Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations
  • Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute
  • Yemenis are embracing DeFi in response to US sanctions on the Houthi group
  • Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst
  • Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support
  • Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’
Facebook X (Twitter) Instagram
CoinovelCoinovel
  • Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
CoinovelCoinovel
Home » JPMorgan: Bitcoin surpasses gold as preferred asset in investor portfolios
JPMorgan: Bitcoin surpasses gold as preferred asset in investor portfolios
JPMorgan: Bitcoin surpasses gold as preferred asset in investor portfolios

JPMorgan: Bitcoin surpasses gold as preferred asset in investor portfolios

0
By admin on 2024-03-15 Cryptocurrency

Bitcoin has surpassed gold in terms of investor portfolio allocation after taking into account volatility, according to a JP Morgan analyst. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that when adjusted for volatility, Bitcoin’s allocation in investor portfolios is 3.7 times higher than that of gold. He also highlighted the significant inflow of over $10 billion into Bitcoin exchange-traded funds (ETFs) since January and predicted that the potential market size for Bitcoin ETFs could reach $62 billion, using gold as a benchmark. Another report from JPM Securities predicts that the spot Bitcoin ETF market could grow to as much as $220 billion in the next two to three years.

Bitcoin ETFs have had a positive impact on the crypto market, with the largest cryptocurrency gaining over 45% in market cap in February. Net sales for spot Bitcoin ETFs reached $6.1 billion in February, compared to $1.5 billion in January. The largest daily inflow for spot ETFs exceeded $1 billion on March 12, and analysts believe this number will increase further once outflows from Grayscale’s GBTC stop.

With the Bitcoin halving just a month away, the daily supply of BTC will be cut in half, potentially further fueling demand and leading to a supply crisis within the next six months, according to Ki Young Ju, the CEO of crypto analytics firm CryptoQuant.

After a prolonged crypto winter, the approval of spot Bitcoin ETFs has acted as a catalyst for Bitcoin’s price surge, pushing it beyond the previous all-time high of over $69,000 from the last bull cycle. Institutional adoption, led by BlackRock, the world’s largest asset manager, has also contributed to Bitcoin’s rise. Despite outflows from Grayscale’s GBTC ETF, the top nine out of the 11 approved ETFs have seen significant net inflows, totaling hundreds of millions of dollars.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

  • Popular
  • Latest
  • Hot comments
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Latest Gallery

Latest Recommendations
2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

2025-04-18 Regulations Security

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

2025-04-18 Blockchain

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

2025-04-18 Regulations Security

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

2025-04-18 Cryptocurrency

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

2025-04-18 News

Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’

2025-04-17 Blockchain

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

2025-04-17 Blockchain

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

2025-04-17 Regulations Security

OpenAI pursued a deal with Anysphere prior to shifting its focus to WindSurf

2025-04-17 Analysis

Bitcoin Gold’s Imitation Strategy Could Surpass $150K as BTC Remains ‘Remarkable’

2025-04-17 Cryptocurrency

AI Tokens and Memecoins Dominate Cryptocurrency Narratives in Q1 2025: CoinGecko

2025-04-17 Cryptocurrency

Four Reasons Why the Price of Bitcoin Could Surge to $90,000 in April

2025-04-17 News

Trump Criticizes Powell for Delaying Interest Rate Cuts, Calling It ‘Too Late’

2025-04-17 News

Wyoming Commission Considers Whether Stablecoin Falls Under SEC Regulations

About
About

Coinovel is an enthralling novel of cryptocurrencies. Engage with narratives, delve into stories, and journey through the captivating world of digital currencies.

X (Twitter) Telegram
Popular posts
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

Copyright © 2025 coinovel. All rights reserved.
  • Home
  • Cryptocurrency
  • Blockchain
  • Regulations Security
  • Analysis
  • Insights
  • News
  • Getting Started

Type above and press Enter to search. Press Esc to cancel.