Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan

Rising Bitcoin Adoption Hurting Gold Market, Gold Value Will Proceed to Weaken, Says JPMorgan

The rise of bitcoin is hurting the gold market and will proceed to take action for a few years to come back as institutional adoption grows, in accordance with JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists famous the declining influx of funds allotted to gold exchange-traded funds (ETFs) since October, as …

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