Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
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+1.16%

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
A new address went long on $41 million ENA, while simultaneously shorting $42 million worth of ETH and BTC for hedging.
2
Andrew Kang increased his short positions to $77.97 million, with unrealized losses of approximately $1 million.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,373.05
+1.40%
Ethereum
Ethereum
ETH
$3,967.87
+2.75%
Tether USDt
Tether USDt
USDT
$1
+0.00%
BNB
BNB
BNB
$1,121.2
+3.25%
XRP
XRP
XRP
$2.39
+2.19%
Solana
Solana
SOL
$190.62
+3.50%
USDC
USDC
USDC
$0.9999
+0.00%
TRON
TRON
TRX
$0.3190
+1.80%
Dogecoin
Dogecoin
DOGE
$0.1960
+4.91%
Cardano
Cardano
ADA
$0.6575
+4.51%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter