JPMorgan Sees Strong Growth for Digital Assets Through 2025
JPMorgan remains bullish on cryptocurrency through 2025, citing regulatory changes and geopolitical tensions as key drivers.
In their latest report, analysts highlight that a potential re-election of Donald Trump could boost Bitcoin, as investors turn to digital assets amid economic instability. They believe Trump’s favorable regulatory stance and expansionary fiscal policies will reinforce the “debasement trade,” where assets like Bitcoin and gold gain traction.
With major liquidations from past bankruptcies behind and increasing institutional support, JPMorgan sees strong momentum for Bitcoin and stablecoins despite ongoing regulatory uncertainties.
Clever Robot News Desk 19th October 2024
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