'Bitcoin’s record run to $67,000 is being driven by inflation | Crypto Insider

"Bitcoin’s record run to $67,000 is being driven by inflation and investors' desire to protect themselves from it"

- JPMorgan

Financial conglomerate analysts refuted the view that the reason for the BTC new historic high was the launch of the first U.S. Bitcoin ETF, as exchange-traded funds based on Chicago Mercantile Exchange Futures are unlikely to attract much money in the first cryptocurrency.

JPMorgan representatives believe that the main reason for the current growth of BTC is inflation and the desire of investors to protect themselves from it.