JPMorgan Predicts Strong Performance For Bitcoin And Gold Under Trump Presidency
Following Donald Trump‘s presidential win, JPMorgan (NYSE:JPM) analysts expect both Bitcoin (CRYPTO: BTC) and gold to see significant gains, attributing the expected growth to a “debasement trade.”
What Happened: This investment approach is designed to benefit from currency devaluation, often resulting from inflationary or expansionary fiscal policies, The Block reported.
In such scenarios, assets like Bitcoin and gold are viewed as reliable stores of value, helping to safeguard wealth against decreasing purchasing power.
The “debasement trade,” according to JPMorgan’s report led by managing director Nikolaos Panigirtzoglou, will likely be strengthened by the Trump administration’s potential fiscal expansion, tariffs and geopolitical policies.
“We anticipate an increase in the debasement trade due to debt expansion and heightened geopolitical tension,” Panigirtzoglou explained, noting that although gold experienced an initial drop, Bitcoin surged …
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