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Bitcoin and Gold Positioned to Benefit from Geopolitical Risks and U.S. Election Dynamics, Says JPMorgan

  • 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.

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