JPMorgan: Bitcoin’s Competition with Gold in Addition to New Generation Interest Gives it Huge Potential
According to a note from banking giant JPMorgan, Bitcoin is a risky asset with a lot of upside potential, but not a safe haven. While many people investors consider Bitcoin as a safe haven, the analysts at JPMorgan disagree. The writers of this note claimed that describing BTC as a risky asset is more suitable than a safe haven because it has proved its correlation with the S&P 500 since March.