Having surpassed $ 34,000, at its historic high point, the most popular cryptocurrency in the world, with a monthly rate of up to 17%.
The bitcoin cryptocurrency has been converted into a rival for money and could cost $ 146,000 if it is established as a refuge asset, according to JP Morgan Chase’s financial firm, Reuters reports.
“Bitcoin Competence With Gold And Coming In Our Mind”, said JP Morgan in a statement issued this March, in which he mentions the recent fugas $ 7,000 million in gold and up to $ 3,000 million in Grayscale Bitcoin Trust.
In this sense, the financial group indicates that, taking into account the large that is the investment in gold, a replacement of metal dicho as an alternative currency with a large sale for the bitcoin in large place.
Millennial factor
The New York-based company said it was likely that cryptocurrencies would rise to the occasion as millennials converged on a more important factor in the inversion market, declining to their preference for the “digital gold” of all languages traditional.
From JP Morgan argues that the sale is conditioned and that the volatility of the cryptocurrency converts with the gold to the large space. It is very possible that the “real mania speculative” live on bitcoin at a value of between $ 50,000 and $ 100,000, considering that anything unstable has to stabilize its volatility.
“We observe that the spectacular response of bitcoin in the last weeks has led to a more challenging territory”, continued the communication, “not only in terms of its positioning, but also in terms of valuation”.
“A new lover”
However, JP Morgan states that, assuming that the actual market capitalization of the cryptocurrency is $ 575,000 million, its price tends to multiply by five to equalize the value of the private wealth of gold in gold bars, monedas or funds negotiated in bolsa.
Investors come in bitcoin as a cover against inflation and an alternative to the dollar depreciation estadounidense, indica Reuters. Hecho, the sabbath is worth $ 34,800 — with the highest historical value — although this month has a rate of up to 17%, contributing $ 30,000.
The agency says this situation “marks a new threat” for the digital currency after several years in which it has been considered a “game for speculators and minority apostles”.
What did it look like? Give your opinion in the comments!