JP Morgan analysts have stated that both Bitcoin and gold are likely to see gains due to geopolitical uncertainties, concerns over dollar strength, and the upcoming U.S. presidential election. A recent report suggests that a looming ‘debasement trade’—where traders hedge against weakening currencies—couldheighten demand for these assets. A victory for Donald Trump in the election could accelerate this trend as it may lead to policies that increase inflation and geopolitical tensions. Furthermore, Trump's stance on cryptocurrency has shifted to being pro-crypto, promoting Bitcoin mining in the U.S. and proposing a decentralized finance project on Ethereum. Currently, Bitcoin is trading close to its all-time highs, reflecting investor sentiment amidst these uncertainties. The analysts quoted by JP Morgan predict that rising tensions around elections would favor both Bitcoin and gold as safe-haven assets amidst fiat currency concerns.

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