JPMorgan: “Necessary Bitcoin Level of $45,000”
Digital booking continues to reinvent the financial landscape. Bitcoin (BTC) challenges the centuries-old dominance of gold as a store of value and protection against embedment.
Strategists at JPMorgan noted that many investors see the two assets as alternatives to each other. At this point, analysts said it shows that Bitcoin should be trading higher than the current price level.
Most institutional investors prefer gold as their safe-haven asset. Bitcoin is currently more attractive to individual investors.
