COINDESK DAILY: Can Bitcoin Match Gold’s Position in Investors’ Portfolios? US To Appeal Do Kwon's Extradition
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 8 March 2024
⏱️ 3 minutes
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| 0:51.4 | Bitcoin is unlikely to match gold's allocation in investors' portfolios. In normal terms, that's |
| 0:57.4 | according to a research report by J.P. Morgan. The report said that gold is the best comparison |
| 1:02.3 | for Bitcoin, given the investor perception of Bitcoin as a digital version of the metal, |
| 1:07.9 | analysts wrote that Bitcoin's volatility, which is almost four times the |
| 1:12.3 | volatility of gold, makes it unrealistic to expect Bitcoin to match gold in investors' portfolios |
| 1:18.1 | in notional amounts. J.P. Morgan said that if Bitcoin were to match gold in risk capital terms, |
| 1:24.1 | the implied allocation drops to $0.9 trillion, implying a price of $45,000, notably lower |
| 1:31.2 | than current levels. As of 10 a.m. Eastern Time, Bitcoin is at around $68,500, up over 2%. And the |
| 1:38.8 | Coin Desk 20 index is also up over 2%. Optimism Foundation sold almost 20 million OP tokens to an unidentified buyer. |
| 1:47.8 | The tokens are worth about $89 million at current prices. |
| 1:51.6 | The sold tokens are subject to a two-year lockup, but the buyer can delegate those tokens |
| 1:56.8 | to unaffiliated third parties for participation in governance decisions, giving the same benefits as an unvested holder. |
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