CandleFocus

Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor

Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor
JPMorgan analysts suggest that a win for Donald Trump in the US presidential election could lead to further increases in the price of Bitcoin (BTC) and gold. Retail investors are increasingly turning to Bitcoin as a strategy to protect their purchasing power against the erosion of fiat currencies caused by money printing. Bitcoin exchange-traded funds (ETFs) have seen significant inflows, with $1.3 billion in the past two days alone. However, institutional investors have slowed down on BTC futures activity, potentially introducing vulnerability for BTC's near-term outlook. The analysts note that credit and prediction markets lean towards a Trump win, which could result in additional upside for Bitcoin and gold prices.

Related News