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
