JPMorgan analyst: Bitcoin and gold will perform strongly due to expectations of "currency debasement trade"
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JPMorgan analysts pointed out that after Trump's victory, Bitcoin and gold will perform strongly due to expectations of "currency devaluation trade", especially as Trump's tariffs and expansionary fiscal policies will exacerbate this trend. Bitcoin hit a record high of $76,244 on November 6, and is currently hovering around $75,100. In addition, MicroStrategy announced that it will raise $4.2 billion over the next three years for Bitcoin acquisitions, and plans to invest $10 billion by 2025, which could provide further momentum for the market. (TheBlock)
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