JP Morgan says Bitcoin could climb higher for 8 weeks – cites ‘Trump trade’

JP Morgan like BTC through to year end:

• “We continue to see room for the Trump trade to reverberate over the coming eight weeks or so in a similar fashion to 2016,”

And beyond:

• “Trump policies are likely to be supportive of both into 2025”

JPM say gold and BTC will benefit from a “debasement trade” due to rising risks associated with tariffs and geopolitics

• a hedge against weakening currencies
• a hedge against geopolitical headwinds

This article was written by Eamonn Sheridan at www.forexlive.com.