Analysis: Institutional Investors Are Embracing "Devaluation Trades"
Jinse Finance reported that Anthony Pompliano, founder of bitcoin treasury company ProCap, stated that JPMorgan analysts now refer to bitcoin and gold as "depreciation trades," and institutional investors are embracing depreciation trades. Bitcoin holders and gold holders have been loudly voicing concerns about currency depreciation for years, but what is different now is that major financial institutions have recognized this issue. The inflow of funds into bitcoin ETFs has reached record highs. This year, the price of gold has risen by more than 50%, and the next 12 weeks will be very interesting for bitcoin holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor releases Bitcoin Tracker information again, may disclose additional holdings data next week
Glassnode: After bitcoin stabilized, investor panic subsided and funds began flowing into call options
Two Casascius physical coins dormant for 13 years suddenly moved, with 2,000 BTC transferred
Data: The average cash cost to mine one bitcoin has reached $74,600
Trending news
MoreCrypto prices
More
