JPMorgan analysts said it is wrong to equate Bitcoin and gold ETFs.
A team of JPMorgan analysts led by Nikolaos Panigirtzoglou Thursday, March 7 In their report published today, they focused on spot Bitcoin and gold ETFs.
The report states that the amount of Bitcoin and gold in investors’ portfolios will equalize at some point and that this buying pressure will increase the price of Bitcoin. It will increase almost 2 times The general opinion regarding “risk factorIt was emphasized that it could be wrong because of the Most investors consider risk and volatility when allocating across asset classes, analysts said.
Bitcoin’s volatility is approximately that of gold 3.7 times higher Analysts point out that Bitcoin and gold It is not possible to equalize in terms of investment defended.
On the other hand, a study based on volatility within the framework of risk management When looked at, the share allocated to Bitcoin has exceeded sixty and investors need to reduce their risk ratios in their portfolios. He may want to sell some of the Bitcoins emphasized.
Bitcoin of such a sale It can reduce up to 45 thousand dollars It was foreseen:
This implies a Bitcoin price of $45,000, which is significantly lower than current levels. In other words, currently at $66,000, the implied share of investors’ portfolios allocated to Bitcoin has already exceeded that of gold on a volatility-adjusted basis