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Gold and Bitcoin Both Win if Donald Trump Defeats Kamala Harris, Says JP Morgan

  • JP Morgan analysts suggest that both Bitcoin and Gold could rally if Donald Trump wins the election on November 5th.
  • A 'debasement trade' could occur, leading to increased demand for Bitcoin and Gold as investors hedge against government deficits and weakening currencies.
  • Trump's proposed policies to raise tariffs may cause more inflation, prompting investors to consider alternative investments like cryptocurrencies.
  • Despite his previous skepticism, Trump's recent involvement in the crypto sector and promises of a conducive mining environment have attracted attention from institutional investors.

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