JPM - Bitcoin To Rival Gold? JPMorgan Says Yes But With A Twist | Benzinga
JPMorgan Chase & Co. (NYSE: JPM) explored a hypothetical scenario where Bitcoin's (CRYPTO: BTC) market capitalization reaches parity with gold's presence in investment portfolios.
What Happened: According to the bank's research, achieving such a milestone would escalate Bitcoin's market cap to $3.3 trillion, effectively more than doubling its current price, reported Coindesk.
However, the bank quickly tempered these expectations, citing the inherent risk and volatility associated with the cryptocurrency as significant barriers to this achievement.
The comparison between Bitcoin and gold stems from a common investor viewpoint that regards Bitcoin as the digital counterpart to the traditional metal.
"Most investors take risk and volatility into account when they allocate across asset ...