By Eddie Spence

The rise of cryptocurrencies in mainstream finance is coming at the expense of gold, says JP Morgan Chase & Co.

Money has poured into Bitcoin funds and out of gold since October, a trend that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bank’s quantitative strategists including Nikolaos Panigirtzoglou.

JP Morgan is one of the few Wall Street banks that ..

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/jp-morgan-says-gold-will-suffer-for-years-because-of-bitcoin/articleshow/79655180.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst...................................ET