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JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin

The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou.

JPMorgan Chase headquarters in New York (Michael Nagle/Bloomberg via Getty Images)
JPMorgan Chase headquarters in New York (Michael Nagle/Bloomberg via Getty Images)