Analysis: Institutional Investors Are Embracing "Devaluation Trades"
Jinse Finance reported that Anthony Pompliano, founder of bitcoin treasury company ProCap, stated that JPMorgan analysts now refer to bitcoin and gold as "depreciation trades," and institutional investors are embracing depreciation trades. Bitcoin holders and gold holders have been loudly voicing concerns about currency depreciation for years, but what is different now is that major financial institutions have recognized this issue. The inflow of funds into bitcoin ETFs has reached record highs. This year, the price of gold has risen by more than 50%, and the next 12 weeks will be very interesting for bitcoin holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Polymarket launches on the Bitcoin network, allowing users to deposit with BTC
Consensys' blockchain development platform Infura to issue a token
Bitmine purchased 179,251 ETH last week, bringing its total holdings to $12.97 billion.
Trending news
MoreCrypto prices
More








