Bitcoin has already overtaken gold when it comes to allocating investor portfolios


© Reuters Bitcoin has already overtaken gold in investor portfolio allocation – JPMorgan

JPMorgan analysts said the allocation to gold in investors’ portfolios has already exceeded that of gold, taking volatility into account. Specifically, the flagship cryptocurrency has a 3.7 times larger allocation compared to gold bullion.

They pointed to a net inflow of $9 billion into Bitcoin ETFs since their launch, which explains outflows from Grayscale, and suggested that the potential size of the Bitcoin ETF market could reach $62 billion if gold as Benchmark is used.

February was one of the most bullish periods for the cryptocurrency market, with total market capitalization rising nearly 40% month-over-month to $2.2 trillion.

This increase was mainly led by a 45% increase in Bitcoin and a 47% increase. Although the altcoins’ performance lagged, they still recorded double-digit gains. Both the decentralized finance (DeFi) and non-fungible token (NFT) sectors also saw gains during this rally.

Spot Bitcoin ETF net sales rose to $6.1 billion in February, compared to $1.5 billion in January.

The value of BTC rose 33% in the last two weeks to reach a new all-time high, a rise that was accompanied by significant inflows into spot Bitcoin ETFs. Crypto mining stocks also hit new record highs in February.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

mother sex videos desipapa,com suzuka-sama's servant hentai comics in english سكس مصرى خفى تيسا لين goan sexy girls hindi nangi sexy video hot sexy mms video porn mujra xx x vedeos indaxnxx indian porn vidio www.xnxx telugu sixe video hinde xvideozhot sex film nepali chut ki chudai hindi me hot babe having sex x videos in india aloha free sex videos indion couple xxx video كس نورهان سكس تقبيل xvideos9 bengali boudi 3x 相互オナニー 旦那不在の3日間パンストtバックで誘惑してくる人妻に即ハメ中出しした件。 saimin manga cast aoi by sanagi torajirou