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Will Bitcoin Become the New Gold Standard? On 1/6/21 at 12:01 PM EST And in the long run, it might be more valuable. No less an expert than JPMorgan Chase & Co. said that Bitcoin could trade as high as $146,000 if it is viewed as a safe haven rivaling gold. Growing interest in Bitcoin sent its price to a record high of $34,800 on Jan. 2. The cryptocurrency recently changed hands at $34,675.20. Gold recently fetched $1,939 an ounce, down $11.50. Cryptocurrency enthusiasts have argued that bitcoin, an asset defined as highly volatile, should be considered a safe heaven. Shutterstock Bitcoin s competition with gold has already started in our mind, as evidenced by the more than $3 billion of inflows into the Grayscale Bitcoin Trust and the more than $7 billion of outflows from gold (exchange traded funds) since mid-October, JPMorgan said in a research report.

City ofUnited kingdomForrest fennJason deaneBitcoin cryptocurrencyJpmorgan chase coJp morganGrayscale bitcoinGrayscale bitcoin trustNew york octoberQuantum economicsWall streetநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்காடு ஃபெந்ஜேசன் டீன்