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Reading: JPMorgan Announced! Strong Performance Expectations for Gold and Bitcoin After Donald Trump’s Victory!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > JPMorgan Announced! Strong Performance Expectations for Gold and Bitcoin After Donald Trump’s Victory!
Bitcoin and BTC

JPMorgan Announced! Strong Performance Expectations for Gold and Bitcoin After Donald Trump’s Victory!

vitalclick
Last updated: November 7, 2024 12:57 pm
5 months ago
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Donald Trump’s victory after the US presidential elections Bitcoin (BTC) $75,017 It created a positive atmosphere for JPMorgan analysts expect these two investment instruments to show strong performance in the coming period, especially within the framework of the “depreciation trading” strategy. This expectation includes investing in safe haven assets to protect against currency depreciation as a result of inflationary or expansionary monetary policies.

Central Banks Turn to GoldInvestment Demand for Bitcoin Is Increasing

Central Banks Turn to Gold

JPMorgan analysts gold He stated that prices will be shaped depending on the purchasing speed of central banks until 2025. In 2022, gold purchases accelerated after the Ukraine war and sanctions against Russia. However, the Central Bank of China has suspended gold purchases since last April.

According to analysts, current tariffs and increasing geopolitical tensions are causing central banks to US dollarIt may encourage investors to move away from their reserves and turn to gold. Especially countries such as China are expected to continue this trend.

Investment Demand for Bitcoin Is Increasing

Largest by market value cryptocurrency Bitcoin’s price made a big splash following the 2024 US presidential election results, reaching an all-time high of $76,244. It is currently traded around 75 thousand 100 dollars.

On the other hand, according to JPMorgan analysts, the largest cryptocurrency may follow a positive course until 2025. MicroStrategy The interest of institutional investors such as Bitcoin continues at full speed. It was announced that the company will invest $42 billion in Bitcoin over the next three years as part of the “21/21 plan”.

This plan of MicroStrategy means an investment of $10 billion every year. This stands out as an important factor that will support the price of Bitcoin in 2025.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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