Odaily Planet Daily reported that JPMorgan noted in a research report that as investors prepare for ongoing geopolitical uncertainty, the so-called 'devaluation trade' into gold and Bitcoin will 'persist.' The bank indicated that, as investors increasingly seek tools to hedge against geopolitical risks and inflation, gold and Bitcoin 'seem to have structurally become more important components of investors' portfolios,' citing 'record capital inflows into the cryptocurrency market in 2024.' JPMorgan stated that the 'devaluation trade' refers to the growing demand for gold and Bitcoin due to various factors, including 'structurally higher geopolitical uncertainty since 2022, ongoing high uncertainty regarding long-term inflation prospects, and concerns over the 'debt devaluation' caused by persistently high government deficits in major economies.'

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