Trump’s return will benefit gold and bitcoin, says JPMorgan
After the results of the 2024 presidential elections, JPMorgan expert analysts expect that gold and bitcoin both benefit from Trump’s return to the White House. Both of the assets will gain in the president’s second round. The surge in Bitcoin to an all-time peak of $76,000 on Wednesday after the Associated Press revealed the vote counts. Moreover, […]
After the results of the 2024 presidential elections, JPMorgan expert analysts expect that gold and bitcoin both benefit from Trump’s return to the White House. Both of the assets will gain in the president’s second round.
The surge in Bitcoin to an all-time peak of $76,000 on Wednesday after the Associated Press revealed the vote counts. Moreover, the crypto asset has also shown an increase of 19% in the past 30 days as per CoinMarketCap.
Although gold hasn’t reached its highest since Donald Trump won, it is approaching $2600 price point.
Trump’s massive victory was beneficial for the crypto industry and the stock market. According to JPMorgan, the pump in both sectors will likely continue under his presidency.
Amid the geopolitical tension about US dollar, both the assets will see growth.
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