Bitcoin has ‘considerable’ upside as it better competes with gold as alternative currency, JPMorgan says | Currency News | Financial and Business News

  • Bitcoin has “considerable” upside in the long-term as it better competes with gold as an alternative currency, JPMorgan said in a note on Friday.
  • With millenials set to become a more important market participant over the next few decades, their favorability towards bitcoin over gold should set up the cryptocurrency for success, according to JPMorgan.
  • But bitcoin still represents only a paltry sum of the gold market, and the cryptocurrency would have to…

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