According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
source https://cointelegraph.com/news/institutions-buying-bitcoin-rather-than-gold-as-inflation-cranks-up-jpmorgan
Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan
source https://cointelegraph.com/news/institutions-buying-bitcoin-rather-than-gold-as-inflation-cranks-up-jpmorgan
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