good morning 🫡
look, the suits are art the bargaining stage haha
“Most investors take risk and volatility into account when they allocate across asset classes and given the volatility in bitcoin is around 3.7 times the volatility of gold it would be unrealistic to expect bitcoin to match gold within investors’ portfolios in notional amounts,” analysts led by Nikolaos Panigirtzoglou wrote.
JPMorgan said that if bitcoin were to match gold in “risk capital terms” the implied allocation drops to $0.9 trillion, implying a price of $45,000, notably lower than its current level of around $67,400.
