{"id":45825,"date":"2020-12-13T07:55:43","date_gmt":"2020-12-13T12:55:43","guid":{"rendered":"https:\/\/www.opensource.im\/uncategorized\/jpmorgan-gold-will-suffer-as-institutional-investors-flock-to-bitcoin-cnbc.php"},"modified":"2020-12-13T07:55:43","modified_gmt":"2020-12-13T12:55:43","slug":"jpmorgan-gold-will-suffer-as-institutional-investors-flock-to-bitcoin-cnbc","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/bitcoin\/jpmorgan-gold-will-suffer-as-institutional-investors-flock-to-bitcoin-cnbc.php","title":{"rendered":"JPMorgan: Gold will suffer as institutional investors flock to bitcoin &#8211; CNBC"},"content":{"rendered":"<p><p>Bitcoin on a mound of gold.<\/p>\n<p>bodnarchuk | iStock Editorial | Getty Images<\/p>\n<p>Increased appetite from institutional investors for bitcoin is set to boost inflows to funds that give traders exposure to the red-hot cryptocurrency  to the detriment of gold, according to strategists at J.P. Morgan.<\/p>\n<p>Bitcoin has been on a tear this year, rallying more than 150% year-to-date and outperforming a host of major assets including U.S. stock indexes like the Dow Jones Industrial Average and gold.<\/p>\n<p>Cryptocurrency enthusiasts say it's down to unprecedented stimulus from the U.S. and other global governments.<\/p>\n<p>Investors often look to gold as a so-called \"safe haven\" in times of economic turbulence, to hedge against potential losses in the event of a market downturn.<\/p>\n<p>Several bitcoin bulls have described the virtual currency as \"digital gold,\" given its strong performance in 2020 despite the Covid-19 crisis.<\/p>\n<p><!-- Auto Generated --><\/p>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/12\/09\/jpmorgan-gold-will-suffer-as-institutional-investors-flock-to-bitcoin.html\" title=\"JPMorgan: Gold will suffer as institutional investors flock to bitcoin - CNBC\" rel=\"noopener noreferrer\">JPMorgan: Gold will suffer as institutional investors flock to bitcoin - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Bitcoin on a mound of gold. bodnarchuk | iStock Editorial | Getty Images Increased appetite from institutional investors for bitcoin is set to boost inflows to funds that give traders exposure to the red-hot cryptocurrency to the detriment of gold, according to strategists at J.P. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24697],"tags":[],"class_list":["post-45825","post","type-post","status-publish","format-standard","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/45825"}],"collection":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/comments?post=45825"}],"version-history":[{"count":0,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/45825\/revisions"}],"wp:attachment":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/media?parent=45825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/categories?post=45825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/tags?post=45825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}