According to BlockBeats, on October 3, analysts at JPMorgan Chase said that escalating geopolitical tensions and the presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets, namely "depreciation trades."
Analysts say this "depreciation trade" is driven by a variety of factors, including increased geopolitical uncertainty since 2022, persistent inflation concerns, large government deficits in major economies and weakening confidence in fiat currencies, especially in some emerging markets.
