JPMorgan claims Bitcoin more attractive than gold post deleveraging
Crypto Briefing
JPMorgan analysts now see Bitcoin as more attractive than gold following recent market deleveraging events.Summary
JPMorgan, through analyst Nikolaos Panigirtzoglou, suggests that Bitcoin has become more attractive than gold following recent market deleveraging. This view comes after a recent price pullback, which analysts attributed to a sharp liquidation in perpetual futures and a significant crypto theft from the Balancer protocol. Panigirtzoglou estimates that, on a volatility-adjusted basis, Bitcoin has the potential to increase to $170,000 within the next six to twelve months, implying a higher reward for its adjusted risk level compared to gold.
(Source：Crypto Briefing)