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Gold's massive outperformance leaves bitcoin looking more attractive over the long term, says JPMorgan strategist
A JPMorgan strategist made a contrarian call, saying bitcoin now looks more appealing than gold for the long term after the surge in the yellow metal's price. Given the present fervor for gold, and the corresponding aversion to bitcoin, this call from JPMorgan's global markets strategist Nikolaos Panigirtzoglou is quite the take. Bitcoin (BTCUSD) has tumbled more than 40% from its October peak while gold (GC00) climbed by roughly a third over that timeframe as investors began to question bitcoin's credibility as catastrophe insurance and a store of value. The fall in bitcoin, which extended as low as $70,039 in early ... (full story)
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