JPMorgan: Based on nominal value, the allocation of Bitcoin in a portfolio is unlikely to match that of gold

ChainCatcher news, JPMorgan released a report stating that if Bitcoin's allocation in investors' portfolios matched that of gold, its market value should rise to $3.3 trillion, which means its price would more than double. However, due to the increased risks and volatility of cryptocurrencies, this scenario may not occur.

Its analysts stated: "Most investors consider risk and volatility when allocating across asset classes. Given that Bitcoin's volatility is approximately 3.7 times that of gold, it is unrealistic to expect Bitcoin's nominal amount in investors' portfolios to match that of gold."