Category: Gold

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

Dec 9, 2020 at 2:50 p.m. UTCUpdated Dec 9, 2020 at 2:56 p.m. UTC JPMorgan Chase CEO Jamie Dimon(Win McNamee/Getty Images) Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan. […]

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Record gold outflow ‘isn’t going into ripples’ — only Bitcoin, says fund manager

Record gold outflow ‘isn’t going into ripples’ — only Bitcoin, says fund manager

The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative.  At the same time, the gold market has seen large outflows in recent weeks. On Nov. 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw […]

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