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Learning & News => News related to Crypto => Topic started by: newshunter on December 10, 2020, 01:00:35 PM

Title: Bitcoin will eat gold's market share, according to JPMorgan
Post by: newshunter on December 10, 2020, 01:00:35 PM

Bitcoin will eat gold's market share, according to JPMorgan

The investment bank says gold could languish for years as Bitcoin’s popularity grows. 

Source: Bitcoin will eat gold's market share, according to JPMorgan (https://cointelegraph.com/news/bitcoin-will-eat-gold-s-market-share-according-to-jpmorgan)

Would appreciate your opinion about this

Title: Re: Bitcoin will eat gold's market share, according to JPMorgan
Post by: disconnectme on December 10, 2020, 07:53:09 PM

There is no doubt that Bitcoin is becoming more appealing as an asset class to new investors especially the Millennial and generation Z. Gold price start stalling because Fed start controlling its price and this also could happen to Bitcoin futures unless it is physically backed. Having sail all these there is still a huge gap between the two and Bitcoin will need to do a lot of work to bridge this gap

Title: Re: Bitcoin will eat gold's market share, according to JPMorgan
Post by: monig18 on December 11, 2020, 09:23:32 AM

In the near future ,It is very difficult that Bitcoin eat Gold market's share. Gold is Trading before Bitcoin.Unless manipulation occur in Bitcoin it is not possible.Yesterday there was a sudden drop 0f 1500$ in Bitcoin.It will take so many years that Bitcoin do so.