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Bitcoin’s Inflation Narrative More Compelling Than ETF Fever, JPM Says

Bitcoin’s Inflation Narrative More Compelling Than ETF Fever, JPM Says

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This week’s launch of the ProShares Bitcoin Strategy Exchange-Traded Fund (inventory ticker BITO) might have aided the cryptocurrency’s current worth surge to an all-time excessive, although the notion of bitcoin as an inflation hedge over gold might be an even bigger issue, a JPMorgan strategist wrote Thursday.

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