JPMorgan Chase: Bitcoin fails to benefit from safe-haven funds that drive gold up

咖喱GetGei

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04-17 19:14

On April 17, JPMorgan analysts said safe-haven demand is pushing up gold prices, and Bitcoin has failed to benefit from it.

In a report released Wednesday, JPMorgan analyst team led by managing director Nikolaos Panigirtzoglou pointed out that investors seeking hedge are pushing money into gold's trading platform trading funds (ETFs) and futures markets, affected by macroeconomic uncertainty.

By contrast, Bitcoin is put aside. Analysts pointed out that speculative interest in the Bitcoin futures market is weakening, and ETFs have also experienced continuous capital outflows.

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