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Gold decline – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 10 Dec 2020 23:30:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Gold decline – DIGIT INFO https://www.digit.info 32 32 Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan https://www.digit.info/growing-bitcoin-adoption-hurting-gold-market-gold-price-will-continue-to-weaken-says-jpmorgan/ Thu, 10 Dec 2020 23:30:56 +0000 https://www.digit.info/2020/12/10/growing-bitcoin-adoption-hurting-gold-market-gold-price-will-continue-to-weaken-says-jpmorgan/ Read more]]>

The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded funds (ETFs) since October, as flows into bitcoin […]

The post Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan appeared first on Bitcoin News.

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