Bitcoin Bulls: JPMorgan Projects Positive Momentum into 2025
JPMorgan is maintaining a bullish outlook on Bitcoin, projecting gains through 2025, particularly as Donald Trump’s recent presidential win may support the “debasement trade”—a strategy favoring assets like Bitcoin and gold that retain value during currency devaluation.
JPMorgan’s Nikolaos Panigirtzoglou highlighted that Trump’s policies. Including tariffs and expansive fiscal measures, could fuel this trend. Following the election, Bitcoin hit an all-time high of $76,244. Analysts also noted that retail interest in Bitcoin and gold, along with institutional investments like MicroStrategy’s aggressive “21/21 plan,” may continue driving momentum. This rise in demand is expected to persist as central banks diversify reserves amid global economic uncertainties.
Clever Robot News Desk 10th November 2024
