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JPMorgan Predicts Bitcoin (BTC) Will Surge in 2025
Bitcoin is currently a hot asset worth watching. After Trump won the U.S. election, bullish sentiment around Bitcoin has intensified, bringing much-needed momentum to the cryptocurrency market. Banking giant JPMorgan has conducted an in-depth analysis of Bitcoin, stating that it could have a very bold and strong performance in 2025.
JPMorgan is significant in the cryptocurrency space: What happened?
Source: Electric Vehicle Network
Trump has always been known for his support of cryptocurrencies. After he became president, he is expected to play a key role in diversifying the cryptocurrency market, expanding its influence in the financial sector. For instance, JPMorgan mentioned that Trump’s policies, especially his devaluation strategy, will usher in a new era for Bitcoin next year.
In a report released on Wednesday, JPMorgan detailed how Trump’s victory would boost the outlook for Bitcoin and gold. The report simplified Trump’s emphasized devaluation trade approach, which involves buying assets like gold and Bitcoin that can appreciate and help when currencies depreciate.
JPMorgan’s Nikolaos Panigirtzoglou said, “Gold initially had a poor market reaction, but that’s because no one expected Trump to reject devaluation trade. However, another important part of the devaluation trade, Bitcoin, has rebounded after Trump’s win.”
Gold momentum remains strong, and Bitcoin rose after Trump’s victory
The current trading price of gold is $2,694. Previously, everyone thought AUX would fall, but they didn't expect it to rebound and rise even higher. Additionally, Bitcoin also rose by 1%, reaching a price of $76,007, showing strong performance.
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