In a recent report, JPMorgan noted that Donald Trump’s victory in the U.S. election could have a positive impact on both bitcoin and gold rates as part of a strategy called ‘depreciation’.
This investment tactic typically involves purchasing assets that are perceived as safe-haven savings, such as gold and bitcoin, in anticipation of currency devaluation due to inflationary pressures.
The report, led by managing director Nikolaos Panigirtzoglou, emphasised that current tariffs and geopolitical tensions could reinforce this strategy.
Analysts noted that while the market initially reacted negatively to gold after Trump, bitcoin rose significantly, reaching a record of $76,244 on 6 November, and is now around $75,100.
JPMorgan прогнозирует дальнейший рост цен на золото и биткоин, особенно в свете переоценки резервов центральными банками.
They also pointed to a significant increase in gold purchases by central banks following the escalation of the geopolitical situation in Eastern Europe. Although the People’s Bank of China halted purchases in April last year, the current escalation is expected to lead to further diversification from dollar holdings to gold assets.
In addition, the possible impact of MicroStrategy’s ambitious bitcoin plan, which includes raising $42bn over three years, with plans for a $10bn investment in 2025, is highlighted.
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