Analysts at major investment bank JPMorgan Chase have predicted that it will be difficult for bitcoin to match Gold’s current investor allocation of $3.3 trillion. The JP Morgan Bitcoin opinion coincides with the recent achievement of a new All-Time High (ATH) for the premier digital asset, reaching $69.9k.

The prediction was made in a recent report penned by senior analyst Nikolaos Panigirtzoglou, as the bank tried to provide “realistic insights” into the bitcoin investment scene.

Why Bitcoin Can’t Inspire the Same Confidence as Gold?

The reason given by Panigirtzoglou for this unlikeliness is due to the high risks and volatility associated with bitcoin. This is one of the go-to…

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