lasting for years Bitcoin gold While the discussion and comparison continues, a new report came from JP Morgan.
According to Coindesk news, Comparing Bitcoin and gold, JP Morgan analysts said that BTC is 3.7 times more volatile than gold.
At this point, JPMorgan analysts said in their latest report that if Bitcoin is at the same level as the gold allocation in investor portfolios, its market value should rise to $ 3.3 trillion.
Pointing out that if BTC matches gold and its market value rises to $3.3 trillion, it would mean that its price would more than double, analysts said that the rise would probably not occur due to Bitcoin’s risk and increased volatility.
Analysts also say that if Bitcoin matches gold in terms of risk capital, BTCHe said that ‘s market value will drop to $0.9 trillion, which means a price of $45,000.
JP Morgan analysts led by Nikolaos Panigirtzoglou stated the following in the report:
“If Bitcoin were to match gold’s allocation in investor portfolios, its market cap would need to rise to $3.3 trillion, meaning its price would more than double, but this likely won’t happen due to the risk and increased volatility of the cryptocurrency.
Most investors take risk and volatility into account when allocating across asset classes.
“Given that Bitcoin’s volatility is approximately 3.7 times the volatility of gold, it would be unrealistic to expect Bitcoin to match the amount of gold in investors’ portfolios.”
*This is not investment advice.
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