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JPMorgan: Geopolitical conflicts may attract investors to favor gold and Bitcoin

JPMorgan: Geopolitical conflicts may attract investors to favor gold and Bitcoin

Bitget2024/10/03 16:01
BTC+0.63%

ChainCatcher news, analysts from JPMorgan Chase indicate that the escalating geopolitical tensions and the presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets, or "devaluation trades".

Analysts say this "devaluation trade" is driven by a variety of factors, including increased geopolitical uncertainty since 2022, ongoing inflation concerns, massive government deficits in major economies, and weakened confidence in fiat currencies, especially in some emerging markets.

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.
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