In the view of the strategists at JP Morgan, sentiment around gold could dampen in the long-term if investors start moving their allocations away from gold and into cryptocurrencies. Key quotes “The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced.” “Bitcoin only accounts for 0.18% of family office assets, compared with 3.3% for gold ETFs. This means that tilting the needle from gold to bitcoin would represent the transfer of billions in cash.” “If this medium to longer-term thesis proves right, the price of gold would suffer from a structural flow headwind over the coming years,” wrote JP Morgan’s strategists. However, “there’s a good chance that Bitcoin prices have overshot and gold is due for recovery.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBNZ: Monetary policy not best way to cool housing market – Reuters FX Street 2 years In the view of the strategists at JP Morgan, sentiment around gold could dampen in the long-term if investors start moving their allocations away from gold and into cryptocurrencies. Key quotes "The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced." “Bitcoin only accounts for 0.18% of family office assets, compared with 3.3% for gold ETFs. This means that tilting the needle from gold to bitcoin would represent the transfer of billions in cash.” “If this medium to longer-term thesis proves right, the price of gold would suffer from… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
