LATEST: Trump Presidency and MicroStrategy to Boost Bitcoin, Says JPMorgan

Following Donald Trump’s election as U.S. President, gold and bitcoin are poised for substantial gains. JPMorgan analysts suggest that the “debasement trade,” an investment strategy capitalizing on currency devaluation through inflationary policies, will boost these assets. As currencies lose purchasing power, gold and bitcoin, regarded as reliable stores of value, are likely to thrive. Analyst Nikolaos Panigirtzoglou points to continued geopolitical tensions and tariffs, alongside expansive fiscal policies, as key factors reinforcing this trend.

Bitcoin’s value soared to a new peak of $76,244 on November 6, just as Trump’s win was confirmed. Currently, it hovers around $75,100. Analysts remain bullish, anticipating further price increases driven by both retail investor interest and central bank actions. Notably, central banks ramped up gold acquisitions following the Ukraine conflict and the imposition of sanctions on Russia, while retail investors have increased their stakes in both gold and bitcoin ETFs.

Further energizing the market, MicroStrategy has disclosed ambitious plans to expand its bitcoin holdings through its “21/21 plan,” aiming to secure $42 billion within three years. This aggressive acquisition strategy underscores the growing confidence in bitcoin’s future, reinforcing its status alongside gold as a cornerstone of the debasement trade under Trump’s economic policies.

66.4K Reads