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.