Bullet points of Geopolitical tensions, US elections favor Bitcoin ‘debasement trade’: JPMorgan

Bullet points of Geopolitical tensions, US elections favor Bitcoin ‘debasement trade’: JPMorgan
- Investors are turning to gold and Bitcoin as a "debasement trade" amid rising geopolitical tensions and the US presidential election.
- The report suggests that a Trump win could accelerate the trend.
- The "debasement trade" refers to a spike in gold demand caused by factors such as geopolitical uncertainty and high government deficits.
- Speculative institutional investors and retail investors may see gold and Bitcoin as similar assets.
- Cryptocurrency ETFs saw inflows of more than $20 billion in 2024.