The news is that JPMorgan Chase analysts predict that both gold and Bitcoin will perform well due to Trump’s US presidential election win on November 7. They believe that “currency devaluation trades” will intensify due to tariffs, geopolitical tensions, and expansionary fiscal policy. They also believe retail investors are supporting gold and Bitcoin, with investment in gold and Bitcoin ETFs increasing since last summer.
Finally, MicroStrategy’s Bitcoin acquisition plan, which involves raising $42 billion over the next three years, is expected to further boost Bitcoin’s value.
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<p>The post Gold and Bitcoin to Shine Amid Currency Devaluation Trades first appeared on CoinBuzzFeed.</p>
