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Bitcoin (BTCUSD) Rebounds as JPMorgan Sees Long-Term Upside Over Gold Despite Price Slide

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The Story

News Summary

  • JPMorgan strategist sees bitcoin as more attractive than gold long term despite current price slide below production costs and strong gold rally, forecasting potential rise to $266,000 once sentiment improves and bitcoin regains appeal as catastrophe hedge.
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BTCUSD price history

77254.98 +14.53% over the displayed period

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