JPMorgan Predicts Bitcoin Surge Following Republican Victory: How Trump’s Policies Could Boost the Crypto Market

According to a recent report from JPMorgan Chase, the impact of the Republican triumph in the upcoming US presidential election may favor Bitcoin significantly. The financial institution suggests that a potential victory by Donald Trump could trigger a market response reminiscent of the 2016 election outcomes. Historical data indicates that such political events often lead to price surges for Bitcoin, while traditional assets like gold may see a downturn.

The report highlights that the anticipated economic policies under Trump could create a favorable environment for Bitcoin over the next few years. As traders increasingly turn to alternative assets to hedge against potential currency devaluation and geopolitical instability, Bitcoin could emerge as a key player in what are termed “devaluation trades.” Furthermore, JPMorgan emphasizes Trump’s consistent advocacy for the digital asset sector, which, coupled with proposed tariff increases, may bolster Bitcoin’s market position by 2025.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

SEC Approves CBOE, Nasdaq and NYSE to Fast-Track Spot Bitcoin ETP Listings Under Universal Standards

COINOTAG reported Sept. 18 that the U.S. Securities and...

SEC APPROVES GENERIC LISTING STANDARDS FOR COMMODITY-BASED TRUSTS SHARES ON NASDAQ, CBOE AND NYSE

SEC APPROVES GENERIC LISTING STANDARDS FOR COMMODITY-BASED TRUSTS SHARES...

Federal Reserve Dot Plot Shift: Most Officials Now Forecast 75bp of 2025 Cuts — What This Means for the US Dollar (USD)

The Federal Reserve dot plot displays divergent expectations among...

BlockBeats: Trump-Backed Fed Nominee Michelle Opposes FOMC Decision, Urges 50bps Cut — What It Means for Bitcoin

COINOTAG News reported on September 18 that, according to...

FED LOWERS RATES 25 BPS

FED LOWERS RATES 25 BPS
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img