Bitcoin's allocation in investor portfolios has reached 3.7 times that of gold when adjusted for volatility, said a JPMorgan analyst.
Bitcoin (BTC) has now overtaken gold in investor portfolio allocation when adjusted for volatility, according to a JP Morgan analyst
JPMorgan managing director Nikolaos Panigirtzoglou reportedly said that, when adjusting for volatility, Bitcoin’s allocation in investor portfolios is 3.7 times greater than the bullion.
The analyst highlighted the significant inflow of over $10 billion into Bitcoin exchange-traded funds (ETFs) since its inception in January earlier this year and claimed the potential Bitcoin ETF market size could reach $62 billion using gold as a benchmark.
