bitcoin replacing gold, deutsche bank bitcoin, deutsche bank gold, gold bitcoin, jpmorgan bitcoin

Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold to bitcoin.

Investors Replacing Gold With Bitcoin

In a report discussing the performances of several investments post-vaccine news, Deutsche Bank’s research strategist Jim Reid wrote that “One of the oddities has been the dramatic divergence between gold (-3.6%) and silver (-4.4%) on the one hand and bitcoin (+13.4%) on the other,†according to Zerohedge publication. Reid elaborated:

Reid noted that “Bitcoin is up another +3% overnight and seems to be creating momentum of its own. It’s up over 70% over the last six weeks as more and more investors are starting to see it emerge as a credible asset to invest in.†Reid recently wrote in Deutsche Bank’s November Konzept report that “In the long term, central bank digital currencies will replace cash.â€

Recently, JPMorgan’s analysts also pointed out that institutional investors are moving from gold exchange-traded funds (ETFs) to bitcoin via Grayscale Bitcoin Trust (GBTC).

Several hedge fund managers have also said bitcoin could beat gold as a store of value, including famed billionaire investors Stan Druckenmiller. Another hedge fund manager, Bill Miller, said that every major bank will eventually have exposure to bitcoin.

Do you agree with Deutsche Bank? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

JPMorgan Boss Jamie Dimon Says ‘I Don’t Care About Bitcoin’ but Clients Are Interested

JPMorgan CEO Jamie Dimon has reaffirmed his stance on bitcoin while acknowledging that his bank’s clients are interested in the cryptocurrency. “I don’t tell clients what to do,†he said while emphasizing that he does not care about bitcoin. Jamie Dimon Has No Interest in Bitcoin but His Clients Do Jamie Dimon talked about bitcoin […]

Xem chi tiết: JPMorgan Boss Jamie Dimon Says ‘I Don’t Care About Bitcoin’ but Clients Are Interested

JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that […]

Xem chi tiết: JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and are expected to start regulating the industry […]

Xem chi tiết: Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and are expected to start regulating the industry […]

Xem chi tiết: Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure

JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,†which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined based in part on exposure to bitcoin, correlation to bitcoin and liquidity,†according to the company’s filing with the U.S. […]

Xem chi tiết: JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure

JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge

After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,†JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,†the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to […]

Xem chi tiết: JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge

JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios

JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,†JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What cryptocurrencies have and haven’t done […]

Xem chi tiết: JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios

JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios

JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,†JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What cryptocurrencies have and haven’t done […]

Xem chi tiết: JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios

JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US

JPMorgan Predicts $146K Bitcoin Price as Competition With Gold Escalates

JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought

JPMorgan Sees $600 Billion Demand for Bitcoin From Global Institutional Adoption

JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Other Articles