Bitcoin Up 1.46% as JP Morgan Predicts It Will Outperform Gold, Public Companies Add Digital Assets

Bitcoin (CRYPTO: BTC) rose 1.46% to reach $104,008.46, which took its weekly gains to 0.96%, and monthly to 24.58%. The rise follows JP Morgan Chase & Co (NYSE:JPM) analysts’ prediction that Bitcoin could outperform gold this year, and growing support of corporate investment towards Bitcoin bull run.

According to Decrypt, the investment banking giant stated that maturing market infrastructure and increasing institutional adoption are the key factors driving Bitcoin’s strength over gold.

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JP Morgan explained that crypto-specific catalysts like corporate treasury flows, shifting regulation, and better derivatives infrastructure are helping Bitcoin. Recent decisions by major crypto exchanges, including Coinbase Global Inc’s (NASDAQ:

Full story available on Benzinga.com