Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key F...
According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’ In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside’ for both BTC and gold, as retail investors increasingly view Bitcoin as a ‘debasement trade.’ Related Reading: Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside In simple terms, a debasement trade is a strategy to protect purchasing power against the steady....
Related News
Former US President Donald Trump has revealed that JPMorgan CEO Jamie Dimon, a well-known skeptic of Bitcoin and cryptocurrencies, has apparently “changed his tune,” with the potential to win the role of Treasury Secretary in the scenario where the former president once again wins the seat in the Oval Office. Trump’s comments come as Treasury […]
A Reddit user has promised to pay 0.01 BTC to every other user that comments on his post, in the event that Trump wins the presidential election. The post has gone haywire on both the /r/bitcoin and r/The_Donald sub-Reddits. Here’s what Coincle says: “If Trump wins, here's what I'll do… I'll give 0.01 BTC to everyone that comments. Don't worry about bankruptcy, I've been here for more than 5 years. Also, I want Trump to win. I forgot to tell you to comment your address, so please edit your comment and add your receiving address. Thanks! If this goes to the media, i'll be bankrupt. No, this....
Grayscale CEO says that Bitcoin will win because both a Trump or a Biden election victory would result in more "brrr" or the expansion of the US dollar supply. Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin (BTC) would likely thrive. Industry executives, including DCG and Grayscale CEO Barry Silbert, say both a Trump or a Biden win would buoy BTC.The optimistic stance of industry execs despite the glaring election risk comes after Grayscale’s Bitcoin study.Trump wins = brrr Biden wins = brrr Either way, bitcoin wins— Barry Silbert....
Cryptocurrency continues to gain prominence under the administration of incoming US President Donald Trump as a crypto trading firm may soon become part of the companies owned by the billionaire president. Reports disclosed Trump Media eyes to acquire the Bakkt crypto company to gain a foothold in the digital asset industry. Related Reading: Crypto Milestone: […]
US President-elect Donald Trump is, with the counsel of his transition team, in the process of putting together a list of individuals to form the incoming president’s cabinet and other prominent officials at the head of federal agencies. JPMorgan CEO Jamie Dimon is reportedly being considered for the job, a man who was once referred to Donald Trump as “the worst banker in the United States.” According to Reuters and CNBC sources, Trump’s advisors have suggested Jamie Dimon for the position of the country’s treasury secretary. One member of Trump’s transition team reportedly contacted Dimon....