According to a recent research note by JPMorgan, institutional investors have withdrawn about $20 billion from their gold investments since mid-October and during the same time frame, institutional inflows into Bitcoin (BTC) have increased by $7 billion. 

The bank said, “any such crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term.”

JPMorgan believes that Bitcoin’s declining volatility could increase adoption from institutional investors. If…