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

This week’s launch of the ProShares Bitcoin Strategy Exchange-Traded Fund (BITO) may have aided the cryptocurrency’s recent price surge to an all-time high, though the perception of bitcoin as an inflation hedge over gold is probably a bigger factor, a JPMorgan strategist wrote Thursday.

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Crypto Table

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin54,777 0.08 % 0.66 % 8.83 %
Ethereum4,115.9 0.32 % 0.44 % 7.22 %
Dogecoin0.1994 0.67 % 3.78 % 15.02 %
Stellar0.3132 0.80 % 4.35 % 10.71 %
Monero234.87 0.87 % 0.56 % 5.41 %
Litecoin190.31 0.85 % 3.51 % 15.92 %
Cardano2.130 5.25 % 14.29 % 51.99 %
Polkadot33.68 0.45 % 6.03 % 20.17 %
Chainlink35.51 4.98 % 14.74 % 37.62 %

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