Price analysis 4/2: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA
Cointelegraph
Published Apr 02, 2021 02:35PM ET
Updated Apr 03, 2021 04:40PM ET
According to a recent research note by JPMorgan (NYSE:JPM), institutional investors have withdrawn about $20 billion from their gold investments since mid-October and during the same time frame, institutional inflows into Bitcoin (BTC) have increased by $7 billion.
The bank said, “any such crowding out of gold as an 'alternative' currency implies big upside for Bitcoin over the long term."
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Written By: Cointelegraph
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