JP Morgan sees Bitcoin gains lasting eight weeks
Analysts at JP Morgan predict Bitcoin’s strong performance will continue for at least eight weeks following Donald Trump's recent U.S. presidential victory.
According to a Thursday report, Bitcoin, the largest cryptocurrency by market cap, is set to benefit from the "Trump trade" as it did after the 2016 election.
Bitcoin’s price surged leading up to Trump's win and is now priced at $76,615, based on CoinGecko data.
“We continue to see room for the Trump trade to reverberate over the coming eight weeks or so in a similar fashion to 2016,” JP Morgan's report noted.
It further mentioned that although Bitcoin has risen sharply, and gold has declined, “Trump policies are likely to be supportive of both into 2025.”
The analysts pointed out that Bitcoin and gold might both see gains due to a "debasement trade," where traders seek assets that hedge against weakening currencies amid economic and geopolitical challenges.
This view aligns with their report from last week, which also highlighted the potential benefits for both assets.
A Trump presidency, characterized by increased geopolitical tensions and a focus on tariffs as bargaining tools, is seen as supportive of such investment strategies.
Trump has emphasized his intent to use tariffs, particularly in negotiations with China.
This policy, combined with his stated support for the digital asset sector, could potentially strengthen Bitcoin’s position as an inflation hedge and a secure investment in uncertain times.
Bitcoin has been noted as a tool for hedging inflation and as an attractive option during economic uncertainty, despite its closer correlation with tech stocks in recent times.
The combination of rising geopolitical risks and supportive policies under Trump could maintain Bitcoin’s upward momentum, according to industry experts.
At the time of writing, the Bitcoin price was $76,108.01.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








