Summary of Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan

Summary of Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan


The source article:

quoting nevent1q…wws6

Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan


Geopolitical risk fueled by conflict in the Middle East and the upcoming U.S. election are likely to reinforce the debasement trade, to the benefit of both bitcoin and gold, the report said.

https://www.coindesk.com/markets/2024/10/04/bitcoin-gold-could-benefit-from-rising-geopolitical-tension-and-us-election-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

JPMorgan's research report suggests that a Trump election win will likely reinforce the 'debasement trade', which favors both Bitcoin and gold. Markets have not yet priced in a Trump victory, and geopolitical tension and the upcoming U.S. presidential election will likely underpin this trend.