Gold Fund Outflows Helped Bitcoin Reach Its New All-Time High, JPMorgan Strategists Say

Inflation concerns driving funds out of gold and into bitcoin have helped the flagship cryptocurrency hit its new all-time high near $67,000, not demand related to the first bitcoin futures exchange-traded fund (ETF) listed on the New York Stock Exchange. According to Bloomberg, JPMorgan strategists have said that by itself the launch of ProShares’ Bitcoin […]