The rising gold price implies a bitcoin price of $45,000, according to JPMorgan strategists.
The strategists expect ether to “somewhat underperform bitcoin over the near term.”
The current gold price of nearly $2,000 per ounce would imply a bitcoin price of $45,000, according to JPMorgan analysts, as the two assets tend to move in tandem and are seen as alternatives by investors.
"With the gold price rising above $2,000, the value of gold held for investment purposes outside central banks is currently valued at around [$3 trillion].
