Gold has lost its positions to Bitcoin for many investors, JP Morgan statement says
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In February, the crypto market saw an overall surge in overall capitalization – by more than 40% month-to-month, hitting $2.2 trillion, mainly thanks to Bitcoin’s increase by 45% and Ethereum’s by 47%. Altcoins followed suit, demonstrating double-digit rises, as well as both the DeFi and NFT sectors of the market.
In March, Bitcoin smashed several consecutive all-time highs, starting from $69,200 and so far pausing at the $73,750 historic peak, which was reached on March 14. However, over the past 24 hours, the flagship cryptocurrency rebounded by approximately 10%, declining to the current level of $67,905.
Kiyosaki shared that he is invested in gold, silver and Bitcoin, and he even owns oil wells. However, he believes that BTC is superior to all of them for one major reason – when the gold/silver/oil price surges, more of them can be mined. Unlike them, the total Bitcoin supply was limited to 21 million coins by its mysterious creator, Satoshi Nakamoto, in 2009, when BTC was released into the world..
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