CandleFocus 'Trump Trade' Means Bitcoin Could Soar for Eight Weeks, Says JP Morgan
2024-11-07
Author: Content Editor
According to analysts at JP Morgan, Bitcoin's price is expected to continue rising for at least another eight weeks due to a Republican win in the US presidential election. The report suggests that Trump's policies, such as tariffs, could further boost Bitcoin and gold as hedging against weakening currencies and geopolitical tensions. The analysts also noted that Bitcoin has been increasingly correlated with Wall Street and tech stocks. Experts believe that both Trump's support for the digital asset industry and his tariff policies could ultimately benefit Bitcoin.
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