Monday, October 2, 2023

JP Morgan: Institutions dumping gold ETFs for Bitcoin

By DAC000 , in Bitcoin Cryptocurrency Investors , at November 9, 2020 Tags: , ,

suggesting some investors now view Bitcoin as an alternative to gold. About a one minute read.

Comment: another data point indicating acceptance — and use — of Bitcoin specifically and cryptocurrencies in general, is growing. Research underpinning the article focuses on Grayscale Bitcoin Trust (GBTC), but we know many institutional investors are holding Bitcoin directly; in other words, at an expense ratio of zero.