Bitcoin, Gold Will Surge If Donald Trump Wins: JPMorgan
Portfolio Pulse from Ivan Crnogatić
JPMorgan analysts predict a rise in Bitcoin and gold prices if Donald Trump wins the election, driven by retail investors seeking protection against currency devaluation. Institutional investors have paused their activity in Bitcoin and gold futures.
October 31, 2024 | 4:42 pm
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JPMorgan analysts suggest a Trump win could boost Bitcoin prices as retail investors increase their holdings to hedge against currency devaluation. Institutional investors have paused their activity in Bitcoin futures.
The prediction of a Trump win leading to increased Bitcoin prices is based on the 'debasement trade' trend, where retail investors buy Bitcoin as a hedge. Institutional investors have paused, indicating a shift in market dynamics.
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