{"id":"tp-9277","type":"article-newspaper","title":"Bitcoin rallies past $50K as institutions turn to BTC as inflationary hedge instead of gold","author":"Mark Jason Alcala","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/insights/9277","datePublished":"2021-10-08T08:45:01.000Z","dateModified":"2021-10-08T08:45:01.000Z","language":"en","abstract":"The crypto was able to sustain its upward momentum as BTC’s price continued to soar and traded at $55,251.37 at the time of writing while restoring its market. capitalization above the $1 trillion mark.","section":"Investing","references":[{"title":"JPMorgan","url":"https://markets.businessinsider.com/news/currencies/bitcoin-price-analysis-3-main-drivers-behind-rally-jpmorgan-btc-2021-10"},{"title":"MicroStrategy CEO Michael Saylor","url":"https://twitter.com/michael_saylor/status/1446200436848054277?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1446200436848054277%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Finstitutions-buying-bitcoin-rather-than-gold-as-inflation-cranks-up-jpmorgan"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}