{"id":650,"date":"2024-10-03T17:17:10","date_gmt":"2024-10-03T17:17:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=650"},"modified":"2024-10-03T17:17:10","modified_gmt":"2024-10-03T17:17:10","slug":"bitcoin-gold-are-the-debasement-trade-in-uncertain-times-jpmorgan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=650","title":{"rendered":"Bitcoin, Gold Are The &#8216;Debasement Trade&#8217; In Uncertain Times: JPMorgan"},"content":{"rendered":"<div>\n<p><strong>JPMorgan Chase and Co<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/JPM#NYSE\">JPM<\/a>) analysts are observing a trend where investors are increasingly turning to gold and Bitcoin as \u201csafe-haven\u201d assets amid rising geopolitical tensions and the <a href=\"https:\/\/www.benzinga.com\/news\/24\/10\/41159858\/trumps-niece-calls-concessions-tim-walz-made-to-his-opponent-during-tuesdays-debate-shocking-won-not\">upcoming U.S. presidential election<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>This shift, referred to as the \u201cdebasement trade,\u201d is driven by concerns over economic instability and currency devaluation, The Block <a href=\"https:\/\/www.theblock.co\/post\/319369\/jpmorgan-says-geopolitical-risk-could-drive-investors-to-gold-and-bitcoin?utm_source=rss&amp;utm_medium=rss\">reported<\/a>.<\/p>\n<p>\u201cRising geopolitical tensions and the coming U.S. election are likely to reinforce what some investors call the \u2018debasement trade\u2019 thus favoring both gold and <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>),\u201d J.P. Morgan\u2019s team, including analysts<strong> Nikolaos Panigirtzoglou<\/strong>, <strong>Mika Inkinen<\/strong>, <strong>Mayur Yeole<\/strong> and <strong>Krutik P Mehta<\/strong>, noted in their recent report.<\/p>\n<p>Gold\u2019s price initially showed a muted response to recent geopolitical events but surged to almost &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41170398\/bitcoin-gold-are-the-debasement-trade-in-uncertain-times-jpmorgan\" alt=\"Bitcoin,\" gold are the trade in uncertain times: jpmorgan>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase and Co (NYSE:JPM) analysts are observing a trend where investors are increasingly turning to gold and Bitcoin as \u201csafe-haven\u201d assets amid rising geopolitical tensions and the upcoming U.S. presidential election. What Happened: This shift, referred to as the \u201cdebasement trade,\u201d is driven by concerns over economic instability and currency devaluation, The Block reported. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-650","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=650"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/650\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}