On November 8th, in a report released on Thursday, JPMorgan stated that it believes BTC will continue to benefit from the Republican victory in the US presidential election. The report states that Trump’s victory will generate similar reactions to 2016 in the next eight weeks or so. Despite the surge in BTC and the decline in gold prices due to Trump’s victory, Trump’s policies may provide support to both in 2025. When traders try to hedge against currency depreciation and geopolitical resistance, both gold and BTC may benefit from ‘devaluation trading’. JPMorgan believes that Trump has repeatedly stated that he will support the digital asset industry and increase tariffs, both of which may ultimately help BTC.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
