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Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor

  • JPMorgan analysts suggest that a win for Donald Trump in the US presidential election could further boost Bitcoin's price.
  • Retail investors are turning to Bitcoin as a 'debasement trade' to protect against currency depreciation caused by extensive money printing.
  • Bitcoin exchange-traded funds (ETF) have seen significant inflows, with $1.3 billion flowing in over the past two days alone.
  • Analysts highlight that a Trump win and increased adoption of the 'debasement trade' could lead to additional upside for Bitcoin and gold prices.

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