Gold, silver shine in debasement trade as bitcoin is left behind
NegativeCryptocurrency

- In October, JPMorgan analysts indicated that investors anticipating currency devaluation would boost both precious metals and bitcoin. However, recent trends show that only precious metals have benefited from this speculation, leaving bitcoin behind as its value continues to decline.
- This development is significant for JPMorgan as it reflects the bank's ongoing struggle to maintain its relevance in the cryptocurrency market, especially as it faces backlash from bitcoin supporters and criticism for its recent policy changes regarding crypto accounts.
- The situation highlights a broader trend of volatility in the cryptocurrency market, with major banks like JPMorgan and Morgan Stanley increasingly targeting institutional demand for bitcoin, which may further complicate the competitive landscape and investor sentiment.
— via World Pulse Now AI Editorial System




