Bitcoin’s Inflation Narrative More Compelling Than ETF Fever, JPM Says

Bitcoin’s Inflation Narrative More Compelling Than ETF Fever, JPM Says

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This week’s launch of the ProShares Bitcoin Strategy Exchange-Traded Fund (stock ticker BITO) may have aided the cryptocurrency’s recent price surge to an all-time high, though the perception of bitcoin as an inflation hedge over gold is probably a bigger factor, a JPMorgan strategist wrote Thursday.



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