BlockchainGold or Bitcoin: where lies the hearts of investors

Gold or Bitcoin: where lies the hearts of investors

Between Bitcoin (BTC) and gold, the choice is made! – While Bitcoin (BTC) has just started a new upward rally since the beginning of October, the capitalization volume has again reached 1000 billion dollars. A development that is not lost on institutional investors .

Bitcoin (BTC) VS gold, institutions choose BTC!

According to a note from investment bank JP Morgan reported by Markets Insider , the rally in Bitcoin seen this week could be largely driven by institutional investors . Indeed, the latter are looking for a safe haven to protect themselves from inflation and they seem to have chosen Bitcoin (BTC)  ! While the big investment bank reported last June on the abandonment of Bitcoin (BTC) by large investors in favor of traditional gold , JP Morgan is said to have told his clients the opposite this week:

“Institutional investors seem to be reverting to Bitcoin, perhaps viewing it as a better hedge against inflation, than gold. “

In addition, JP Morgan highlights two other factors that it considers to be at the origin of this race for Bitcoin since the beginning of October. First, the first factor is the adoption of Bitcoin by El Salvador as legal tender. Indeed, this allowed the development of the Lightning Network and therefore the demonstration that second-layer payment solutions deployed on a large scale worked. Then, institutional investors would have been reassured by announcements from the US government claiming that the country would not follow the example of China and its move to ban Bitcoin (BTC).

In addition, the co-founder and leader of the company MicroStrategy, Michael Saylor, joins this analysis . On October 7, he said in a tweet:

According to Michael Saylor, the approval of Bitcoin (BTC) by major banks and regulators will accelerate its rise and the collapse of gold . Bitcoin (BTC) would thus become the preferred safe haven for both private and institutional investors.

Also Read:

Bitcoin (BTC) outperforms gold

In addition, the analysis of the Bitcoin / Gold ratio teaches us that the digital asset is in better shape than the historical safe haven. Indeed, when the ratio increases, it means that Bitcoin outperforms Gold , and vice versa when it is falling. As of this writing, it takes around 30 ounces of gold to buy a Bitcoin (BTC). This is almost a highest peak recorded for this ratio, since May 2021. Thus, it is clear that Bitcoin (BTC) is currently outperforming gold against gold . Indeed, gold is down 14% from its previous peak in August 2020 and a loss of9% since the start of 2021. Conversely, Bitcoin is currently showing a performance of 88% since January 1, 2021.

Stephan Evans
Stephan Evanshttps://www.newsalarms.com/
I'm the Man in charge of News Alarms, but also getting all the reviews up on the website, so you can thank me for all those shining stars – or blame me for a lack of them. I also spend my time working my SEO magic to try and coax the Google Juice to flow in our favor.

Latest news

Fit and Fun Fest: Your Passport to Wellness – A Community Health Fair for World Health Day

Nashville, Tennessee, 28th March 2025, ZEX PR WIRE, In celebration of World Health Day, Drug-Free Tennessee is hosting Fit...

Codego Launches CDG: New Plug-and-Play Devices for Effortless Daily Passive Income

Dubai, UAE, 26th March 2025, ZEX PR WIRE, The CDG project has officially launched, introducing an innovative solution that...

GoMining Revolutionizes Bitcoin Mining with Innovative NFT Integration

Tortola, BVI, 24th March 2025, ZEX PR WIRE, GoMining, a recognized leader in blockchain mining solutions, is revolutionizing the...

Salvatore Castagna Revolutionizes Passive Income with Customizable Cryptocurrency Devices

Milan, Italy, 24th March 2025, ZEX PR WIRE, Salvatore Castagna, a pioneer in financial and technological innovation, has developed...

MFEV Coin Now Listed on Finsai Exchange: A New Era for Modular Blockchain Innovation

The MFEV Blockchain , a pioneering initiative in the blockchain space, is thrilled to announce the official listing of...

Finsai X Launches MFEV Trading: A New Era of Seamless and Secure Crypto Trading

Finsai X, the next-generation cryptocurrency trading platform, has reached a significant milestone with the official launch of MFEV trading....

Must read

MFEV Marathon Success in Serbia: Celebrating Runners, Community, and Charity

MFEV proudly announces the successful conclusion of the MFEV...

Top Cryptos Under $1 to Buy in 2024: Invest Now!

Top Cryptocurrencies to Consider for 2024: Best Picks for...

Must-Grab Crypto Airdrops This August 2024

Get Ready for Exciting Upcoming Crypto Airdrops! Prepare yourself for...

Trending Now: The 5 Best Tap-To-Earn Games Across the Globe

Earn Crypto with These Top 5 Tap-to-Earn Telegram Games The...

Rising Bitcoin Scam in Munich: Police Warn Against Fake Paper Wallets

The Bavarian State Criminal Police Office warns against Bitcoin...

You might also like
Recommended to you