JPMorgan: BTC will continue to benefit from the 'Trump's victory' narrative in the next 8 weeks.

MarketAssistant

2024-11-08 00:38:09

BTC-2,78%

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.

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WaitPatientlyForTheR

· 2024-11-08 01:48

Fadi Aboualfa, research director of Copper.co, said that the price of BTC is likely to reach $100,000 by 2025, as Trump has witnessed two historical high cycles during his presidency, and BTC Spot ETF holds about 1.1 million BTC, which may maintain a positive momentum in the coming months.

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GodCoinLock

· 2024-11-08 01:42

To the moon🌕catch the bottom🤑WAGMI💪keep BUIDL🧐when Lambo?🏎️BCD hand💎don't fear of missing out/fear, uncertainty and doubt🙅Bitcoin Halvingto the moon🚀

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DamnIt!DogecoinIsAD

· 2024-11-08 01:25

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CarryingAHoeAndPlayi

· 2024-11-08 00:54

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GateUser-95194dd2

· 2024-11-08 00:53

To Da Moon 🌕Buy the Dip 🤑WAGMI 💪Terus BUIDL 🧐Wen Lambo? 🏎️Diamond Hands 💎Jangan FOMO/FUD🙅BTC Halving to Moon 🚀

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Humayunmiah

· 2024-11-08 00:40

Buy the Dip 🤑

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