Friday, November 8, 2024
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Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan

Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1-trillion market capitalization to the asset. According to a note shared by JPMorgan with clients on Thursday, the recent increase in price for BTC was predominantly attributed to institutional investors

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