In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility.

Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in January, over $10 billion has been invested, with the potential market size projected to reach $62 billion.

JPM Securities predicts that the spot Bitcoin ETF market could expand to $220 billion within the next two to three years, potentially impacting Bitcoin’s price.

This influx has already been beneficial, as evidenced by Bitcoin’s 45% increase in market cap in February alone. Net sales for spot Bitcoin ETFs hit $6.1 billion in February, a significant jump from January’s $1.5 billion.

Record inflows were observed on March 12, with over $1 billion invested in a single day. Analysts expect these numbers to grow further, especially with upcoming events such as the Go to Source to See Full Article
Author: Bralon Hill

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