Summary: A chart by the team at JP Morgan Chase superimposes Bitcoin’s and Gold’s ratios of realized volatilities and hints that BTC is acting a lot like the latter asset. Bitcoin’s market cap and that of Gold could eventually equalize as they serve the same purpose. But Bitcoin’s volatility hinders its market cap from growing to the level of Gold. Analysts forecast that Bitcoin could retest $20k or lower this year. Guggenheim’s Chief Investment Officier sees Bitcoin retesting $8k or […]
