đ Bitcoin and Gold: The New BFFs?
- Investors are cozying up to Bitcoin and gold in what's being dubbed the "debasement trade" amid rising geopolitical jitters, says JPMorgan.
- With the US election on the horizon, both assets are seen as safe havens against economic uncertainty and inflation fears.
- CME BTC futures are on fire, with open interest skyrocketing from 10,000 to 40,000 contracts this year. đ
- Retail investors are also hopping on the bandwagon, pouring over $20 billion into crypto ETFs in 2024.
- A Trump win could turbocharge this trend, promising a crypto-friendly regulatory landscape.
Stay tuned, folks!