{"id":67762,"date":"2017-12-16T17:49:58","date_gmt":"2017-12-16T10:49:58","guid":{"rendered":"http:\/\/www.pricepony.com.ph\/blog\/?p=67762"},"modified":"2017-12-16T21:46:22","modified_gmt":"2017-12-16T14:46:22","slug":"bitcoin-considered-gold-says-jpmorgan","status":"publish","type":"post","link":"https:\/\/www.pricepony.com.ph\/blog\/bitcoin-considered-gold-says-jpmorgan\/","title":{"rendered":"Bitcoin Soon Be Considered As Gold, Says Analysts At JPMorgan"},"content":{"rendered":"<p><strong>Some analysts at JPMorgan announced that Bitcoin could soon be considered as new gold. This digital currency would become more reliable and could even store wealth in the future. Read our article for more details!<\/strong><\/p><div style=\"float: none; display: block; margin: 0 -10px; text-align: center;\"><!-- ph_pricepony_article_top_desktop -->\n<ins class=\"adsbygoogle\"\n     style=\"display:inline-block;width:728px;height:90px\"\n     data-ad-client=\"ca-pub-4796993490224996\"\n     data-ad-slot=\"8052937650\"><\/ins>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<\/div><\/p>\n<p><picture><source srcset=\"https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3.webp 960w,https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3-300x200.webp 300w,https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3-768x512.webp 768w\" sizes=\"(max-width: 375px) 100vw, 375px\" type=\"image\/webp\"><img src=\"https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3.jpg\" height=\"250\" width=\"375\" srcset=\"https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3.jpg 960w, https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3-300x200.jpg 300w, https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-3-768x512.jpg 768w\" sizes=\"(max-width: 375px) 100vw, 375px\" class=\"aligncenter wp-image-67764 sp-no-webp\" alt=\"\" decoding=\"async\"  > <\/picture><\/p>\n<h3>What is Bitcoin, \u201cBubble Territory\u201d or \u201cNew Gold as <strong>JPMorgan announce<\/strong>\u00a0\u201d?<\/h3>\n<p>According to <a href=\"https:\/\/mybroadband.co.za\/news\/business\/227087-bitcoin-is-a-false-truth-warns-analyst.html\">Wayne McCurrie<\/a>, he believes that Bitcoin is a digital version of gold. At the moment, Bitcoin and gold are apparently similar because they are not under the control of the government. However, Bitcoin has existed for only a couple of years, whereas Gold has been a valuable commodity for over 5000 years. If Bitcoin becomes a true success, this digital currency would be under the legislation.<\/p>\n<p>Moreover, according to <a href=\"https:\/\/en.wikipedia.org\/wiki\/JPMorgan_Chase\">JPMorgan<\/a> analyst Nikolaos Panigirtzoglou: \u201cThe prospective launch of <a href=\"https:\/\/www.pricepony.com.ph\/blog\/cboe-exchange-crashes-bitcoins\/\">Bitcoin<\/a> futures contracts by established exchanges, in particular, has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors.\u201d Bitcoin seems to have a bright future and might soon be under the control of laws.<\/p><div style=\"float: none; display: block; margin: 0 -10px; text-align: center;\"><!-- ph_pricepony_article_incontent_1 -->\n<ins class=\"adsbygoogle\"\n     style=\"display:inline-block;width:336px;height:280px\"\n     data-ad-client=\"ca-pub-4796993490224996\"\n     data-ad-slot=\"7528541080\"><\/ins>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<!-- ph_pricepony_article_incontent_2 -->\n<ins class=\"adsbygoogle\"\n     style=\"display:inline-block;width:336px;height:280px\"\n     data-ad-client=\"ca-pub-4796993490224996\"\n     data-ad-slot=\"2964262507\"><\/ins>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<\/div><\/p>\n<p><picture><source srcset=\"https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2.webp 1070w,https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2-300x206.webp 300w,https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2-768x528.webp 768w,https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2-1024x703.webp 1024w\" sizes=\"(max-width: 364px) 100vw, 364px\" type=\"image\/webp\"><img src=\"https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2.jpg\" height=\"250\" width=\"364\" srcset=\"https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2.jpg 1070w, https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2-300x206.jpg 300w, https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2-768x528.jpg 768w, https:\/\/www.pricepony.com.ph\/blog\/wp-content\/uploads\/2017\/12\/bitcoin-2-1024x703.jpg 1024w\" sizes=\"(max-width: 364px) 100vw, 364px\" class=\"aligncenter wp-image-67763 sp-no-webp\" alt=\"\" decoding=\"async\"  > <\/picture><\/p>\n<p>On the other hand, Forbes has also claimed that Bitcoin price \u201chas most of the elements of a bubble\u201d and will ultimately burst. At the moment, there are a lot of opinions about the future value of Bitcoin. Some people predicted that the too rapid growth of Bitcoin price beyond $3000 would create the hazard of extreme volatility. Besides, as the USD decreased by 12%, gold and Bitcoin increased by 4% and 3% respectively. This means that gold is a safer asset to choose, and Bitcoin is close behind.<\/p>\n<h3>Will Bitcoin overtake gold and silver?<\/h3>\n<p>Because of the increasing value of Bitcoin, some online businesses have just switched to operate solely with the e-currency. It is very likely that Bitcoin is becoming better known throughout the world. We expect that this digital currency would soon surpass precious metals due to the increasing users.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"31e97817518902a1d132cf665aa26f91\" data-index=\"3\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<!-- ph_pricepony_article_bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:336px;height:280px\"\r\n     data-ad-client=\"ca-pub-4796993490224996\"\r\n     data-ad-slot=\"7613953952\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Some analysts at JPMorgan announced that Bitcoin could soon be considered as new gold. This digital currency would become more reliable and could even store wealth in the future. Read our article for more details! What is Bitcoin, \u201cBubble Territory\u201d or \u201cNew Gold as JPMorgan announce\u00a0\u201d? According to Wayne McCurrie, he believes that Bitcoin is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":67765,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[3507],"class_list":["post-67762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Soon Be Considered As Gold, Says Analysts At JPMorgan<\/title>\n<meta name=\"description\" content=\"Bitcoin may be on the way to become more valuable than gold. Analysts at JPMorgan announced that Bitcoin could soon be considered as new gold. 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