JP Morgan says Bitcoin could climb higher for 8 weeks - cites 'Trump trade'

JP Morgan like BTC through to year end:“We continue to see room for the Trump trade to reverberate over the coming eight weeks or so in a similar fashion to 2016,” And beyond:“Trump policies are likely to be supportive of both into 2025”JPM say gold and BTC will benefit from a “debasement trade” due to rising risks associated with tariffs and geopoliticsa hedge against weakening currenciesa hedge against geopolitical headwinds This article was written by Eamonn Sheridan at www.forexlive.com.

Nov 8, 2024 - 07:25
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JP Morgan says Bitcoin could climb higher for 8 weeks - cites 'Trump trade'

JP Morgan like BTC through to year end:

  • “We continue to see room for the Trump trade to reverberate over the coming eight weeks or so in a similar fashion to 2016,”

And beyond:

  • “Trump policies are likely to be supportive of both into 2025”

JPM say gold and BTC will benefit from a “debasement trade” due to rising risks associated with tariffs and geopolitics

  • a hedge against weakening currencies
  • a hedge against geopolitical headwinds
This article was written by Eamonn Sheridan at www.forexlive.com.
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