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JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin

The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou.

Updated May 11, 2023, 4:11 p.m. Published Oct 8, 2021, 2:42 p.m.
JPMorgan Chase headquarters in New York (Michael Nagle/Bloomberg via Getty Images)
JPMorgan Chase headquarters in New York (Michael Nagle/Bloomberg via Getty Images)