JJ27 let me say this, Citi doesn't play and neither does JPM. Worldwide bankers can't afford to mislead their clients. This ship is going higher and we are on board. Sweet Mother of Mercy!!!
This from JPM:
JPMorgan meanwhile is also starting to point out Bitcoin's increasing popularity among traditional investors. In fact, the investment bank giant sees a lot more upside potential from Bitcoin as "digital gold," compared to the already "very advanced" adoption of gold.
In a note to clients, the strategists said:
“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.”
Today, Bitcoin's market cap is less than 4% of gold's. This immense upside potential has also prompted other big-name investors to share their predictions that involve Bitcoin challenging and even surpassing gold with its $9 trillion market cap.
{A smart person knows what to say, but a wise person knows whether to say it or not.}
CCTL Baby!
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