Bitcoin has emerged as gold's rival, could rise to $1,46,000: JPMorgan
Bitcoin has emerged as a rival to gold and could trade as high as $1,46,000, JPMorgan strategists said on Tuesday. Bitcoin is likely to outshine gold as millennials become a more important component of the investment market over time, they added. The digital currency's prices have more than tripled in the past six months and touched $34,800 on January 3.