Bitcoin has 'considerable' upside as it competes with gold, JPMorgan says - Business Insider

2020 surge could be set to continue as the digital cryptocurrency better competes with gold as an "alternative" currency, JPMorgan said in a note on Friday.served as another high-level endorsement for the cryptocurrency.as it further commits to viewing the digital currency as a long-term investment.

According to JPMorgan, the physical gold market is worth $2.6 trillion, which includes assets held within gold ETFs.Don't put too much energy into predicting the result -- 5 key tips for clients from strategists at JPMorgan's $1.9 trillion asset management arm with less than two weeks to go to the election

"Even a modest crowding out of gold as an 'alternative' currency over the longer term would imply doubling or tripling of the bitcoin price," JPMorgan said.

BarrySilbert Launching a Defi project on blockchain Follow us twitter join our telegram group bounty program begins soon

BarrySilbert 1. Bitcoin $BTC💩 isn't 'money' 2. Bitcoin $BTC💩 isn't even 'currency' 3. Bitcoin $BTC💩 price will collapse at only 7tps 4. $Nano exists now, suckers

BarrySilbert You can buy something on Paypal with Bitcoin, but nothing with Gold.

It is irresponsible to say jpmorgan that bitcoin can compete or be compared to gold as a store of value. In the future we will see what those who defend this absurd do, when instead of originating in the physical environment, crises originate and compromise the digital ecosystem

I’ll have Gold any day.

In September 2019, federal prosecutors charged Nowak and two other former J.P. Morgan precious metals traders, Gregg Smith and Christopher Jordan, with participating in a racketeering conspiracy in connection with a multiyear scheme to manipulate the markets and defraud customers

JP Morgan doesn't want people buying gold or silver. It makes their manipulations that much harder.

Mmmmhhhmmmm. Yeahhhhh

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