JPMorgan Says Bitcoin Could Gain Stronger Support Than Gold if ETF Hedging Eases
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Analysts at JPMorgan Chase predict that a decrease in hedging transactions targeting exchange-traded funds (ETFs) could make Bitcoin (BTC) stronger than gold... The post Bitcoin may have more upside potential than gold – unwinding of ETF hedges provides a tailwind = The Block first appeared on NADA NEWS.
JPMorgan Says Bitcoin Could Gain Stronger Support Than Gold if ETF Hedging Eases
JPMorgan analysts have argued that Bitcoin could receive more relative price support than gold if hedging demand around Bitcoin exchange-traded funds declines. In a recent research note led by managing director Nikolaos Panigirtzoglou, the bank highlighted differences in investor positioning between the two assets that could favor Bitcoin under the right conditions. Both Bitcoin and […] The post JPMorgan Says Bitcoin Could Gain Stronger Support …
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