JPMorgan Forecasts Bitcoin and Gold Surge if Trump Wins
JPMorgan analysts suggest a Trump presidential win could drive retail interest in bitcoin and gold, as investors increasingly pursue “debasement trades” in response to economic uncertainties and inflation.
Retail inflows into bitcoin ETFs surged, with $1.3 billion added in two days, though institutional demand remains cautious. Analysts see potential for further price gains in both assets if Trump’s campaign encourages more retail investment.
Despite JPMorgan’s growing involvement in blockchain and crypto products, CEO Jamie Dimon continues to question bitcoin’s value and advocates for stronger regulation.
Clever Robot News Desk 2nd November 2024
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