JPMorgan says debasement trade retreat has ‘accelerated’ for bitcoin
60-second summary
JPMorgan analysts note that the retreat from the debasement trade has continued for gold and accelerated for bitcoin in recent weeks, indicating a shift in investor sentiment. The debasement trade, fueled by inflation concerns, has driven up prices of gold and bitcoin.
The retreat from the debasement trade has continued for gold and accelerated for bitcoin in recent weeks, JPMorgan analysts said.