Reported 1 day ago
Bitcoin's volatility has notably decreased this year, opening new opportunities for the cryptocurrency on Wall Street. According to JPMorgan strategists, approximately 6% of Bitcoin's total supply is now held by corporate treasuries, which has contributed to its reduced price swings despite record-high prices. This shift, fueled by increasing purchases from companies, may make Bitcoin more appealing as a valuation option, potentially positioning it as a competitive alternative to gold. Furthermore, the favorable regulatory changes under the Trump administration have encouraged more corporations to invest in cryptocurrencies.
Source: YAHOO