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

BlockBeatNews

2024-11-08 00:38:09

BTC-2,05%

BlockBeats news, on November 8th, JPMorgan Chase stated in a report released on Thursday that it believes BTC will continue to benefit from the Republican victory in the U.S. presidential election. The report stated that a Trump victory would produce a similar reaction to 2016 in the next eight weeks. Despite BTC soaring and gold prices falling due to Trump’s victory, his policies may support both by 2025. When traders attempt to hedge currency devaluation and geopolitical resistance, both gold and BTC may benefit from ‘devaluation trades.’ JPMorgan Chase 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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Green-skinnedWhite-bell

· 2024-11-08 00:44

All in All in 🙌

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