JPMorgan Chase said in a report released Thursday that it believes bitcoin will continue to benefit from a Republican victory in the US Presidential Election.
The report says a Trump victory will reverberate in the next eight weeks or so in a manner similar to 2016. While bitcoin has soared and gold prices have fallen as a result of Trump's victory, Trump's policies could support both in 2025. As traders try to hedge against currency depreciation and geopolitical resistance, both gold and bitcoin could benefit from a "depreciation trade".
JPMorgan believes that Trump has repeatedly said that he will support the digital asset industry and increase tariffs, both of which could ultimately help bitcoin.
JP Morgan Chase: Bitcoin will continue to benefit from Trump's election victory in the next eight weeks or so
2024-11-08 00:44:54
JPMorgan Chase on Thursday released a report that said it believes that bitcoindesk3cryptocurrencydesktopCrypto News
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