JPMorgan analysts suggest that Bitcoin and Gold could benefit from geopolitical risks and the upcoming US presidential election.
The current Bitcoin price has not factored in the odds of Trump's victory in the election.
A Trump win could reinforce the 'debasement trade' and impact US Treasury yields, the stock market, the dollar, and credit spreads.
Standard Chartered Bank also believes that purchasing the dip in Bitcoin could be rewarding amid geopolitical risks, although Bitcoin is not recognized as a safe haven in this context.