TLDR
J.P. Morgan Chase analysts are now forecasting Bitcoin to usurp the position of gold as a traditional haven asset. While both Bitcoin and gold are deflationary assets, Bitcoin has become synonymous with the money of the Internet. Bitcoin may be overbought, relying on increasing institutional investments to push its price. At the same time, Bitcoin (BTC) achieved an all-time-high, following May’s third halving. Bitcoin left gold in the dust, in terms of return on investment (RoI)via the TL;DR App
no story
