bitcoin mi gold safer harbor question BTC’Since the first day of its release, it has not been able to find the exact answer and it seems that it will not.
Because there are those who argue that gold is a safer investment tool, as well as those who say that BTC is a better investment tool.
However JP Morgan’s latest report revealed that investors prefer gold.
According to the news of Coindesk, in its latest report prepared by JP Morgan, institutional investors’ gold BTC’He said he preferred
Stating that the reason for this is the regulatory pressures in the USA, JP Morgan analysts said:
“Regulatory pressures in the US are discouraging institutional investors from dealing with cryptocurrencies.
After the collapse of Silicon Vallet Bank, institutional investors are buying gold instead of Bitcoin as a precaution against a potential disaster scenario.”
Analysts led by Nikolaos Panigirtzoglou added that Bitcoin’s 76% rally this year was driven by retail purchases rather than institutional investors.
Analysts also noted that regulatory pressures in the U.S. bitcoin He said that there is a negative effect among crypto money companies.
“Regulatory pressure in the US is pushing American crypto firms to seek opportunities overseas.
As a reflection of these pressures, Binance canceled its agreement with Voyager, while Coinbase launched Coinbase International, a crypto derivatives exchange outside the US, as a portable measure.”
*Not investment advice.
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