Will Bitcoin ever match the gold in investors’ portfolios? 🏅
JP Morgan ($JPM) thinks that for Bitcoin to rub shoulders and match the allocation of gold in investor portfolios, its market cap would need to skyrocket to $3.3 trillion.
That’s a price tag that would see Bitcoin’s value more than double. But don’t hold your breath; JP Morgan analysts believe cryptos volatility is 3.7 times more volatile than gold—which keeps it from reaching such lofty heights. They suggest a more grounded future where Bitcoin’s market cap could shrink to $0.9 trillion, pegging its price at $45,000. 🤬