According to Deep Tide TechFlow news on October 31, reported by The Block, JPMorgan analysts predict that Donald Trump's victory will further enhance the momentum of Bitcoin, thanks to what they call 'devaluation trades' among retail investors.
The analyst wrote: "Retail investors seem to be embracing 'devaluation trades' in a more intense way, purchasing Bitcoin and gold ETFs. The impulse of retail investors is also reflected in meme and AI tokens, which have shown excellent market cap performance."
The analyst stated that gold ETFs have also seen a continuous inflow of funds, possibly driven by retail investors, while institutional investors' participation in gold futures has similarly paused. Overall, if Trump wins, retail investors will not only buy risk assets but will further embrace 'devaluation trades', suggesting that there may be additional upside potential for Bitcoin and gold prices if Trump is victorious.
