{"id":583738,"date":"2024-10-04T15:45:39","date_gmt":"2024-10-04T15:45:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=583738"},"modified":"2024-10-04T15:45:39","modified_gmt":"2024-10-04T15:45:39","slug":"bitcoin-and-gold-may-gain-from-geopolitical-tensions-us-election-as-investors-brace-for-catastrophic-scenario-jpmorgan-says","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-and-gold-may-gain-from-geopolitical-tensions-us-election-as-investors-brace-for-catastrophic-scenario-jpmorgan-says","title":{"rendered":"Bitcoin And Gold May Gain From Geopolitical Tensions, US Election As Investors Brace For ”Catastrophic Scenario,” JPMorgan Says"},"content":{"rendered":"

Bitcoin<\/a> and gold may benefit from geopolitical tensions and the upcoming US election as investors brace for a potentially ”catastrophic scenario,” JPMorgan said.<\/p>\n

The investment banking giant said in an Oct. 2 note that these developments would create the conditions for a so-called ”debasement trade” that could drive up demand for the safe-haven assets.<\/p>\n

A “debasement trade” is characterized by rising gold demand amid heightened geopolitical risks, uncertainty over long-term inflation rates, and persistently high government deficits in major economies, it said.<\/p>\n

Trump becoming president again “would likely reinforce the ‘debasement trade’ both via tariffs (geopolitical tensions) and via an expansionary fiscal policy (‘debt debasement’),” the JPMorgan analysts said.<\/p>\n

\"Trump<\/p>\n

JPMorgan Says The Markets Have Not Priced In A Trump Victory Yet<\/span><\/h2>\n

Markets have not yet priced in a Trump victory, mainly because traders have been too occupied with the <\/span>recession<\/span><\/a> trade in the last few months, the investment bank said.<\/span><\/p>\n

In the event that Trump does win and a “Trump trade” plays out in a similar way to 2016, the JPMorgan analysts believe it could result in higher US Treasury Yields, a stronger dollar, tighter credit spreads and US stock market outperformance. <\/span><\/p>\n

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JPMorgan Chase’s CEO: Trump ‘grew the economy’ and was ‘right’ on critical issues​ | Blaze Media<\/p>\n

Big finance is giving off some interesting signals as the 2024 election draws closer, including JPMorgan Chase’s longtime CEO Jamie Dimon, when he sang the praises of former… pic.twitter.com\/meoHBZi53Z<\/a><\/p>\n

— Owen Gregorian (@OwenGregorian) October 2, 2024<\/a><\/p><\/blockquote>\n