As the US elections approach, the financial world is also in a state of curious anticipation… While there is an expectation of a serious increase in prices if Donald Trump, who has made many promises to the Bitcoin and crypto world, wins the election, JPMorgan analysts also touched on this issue.
In the analysis they published yesterday, analysts led by Nikolaos Panigirtzoglou wrote that small investor groups globally have accelerated their gold and Bitcoin purchases and that they expect this demand to increase even more if Trump wins the US elections.
“Meme coins and artificial intelligence…”
The analysts evaluated the current Bitcoin and gold purchases as “a precaution against the devaluation of fiat money” and said, “The interest of small investors, especially in meme coins and artificial intelligence tokens, is also obvious.” The report wrote that institutional and large investors have currently stopped their futures transactions in recent weeks and said, “Bitcoin futures have been overbought.”
JPMorgan analysts stated in their latest report on the subject that the “devaluation of fiat money” and “Trump victory” developments could significantly increase the price of Bitcoin.