JPMorgan analyst: Trump's victory will bring additional pump space for BTC and gold prices

PANews reported on October 31st that, according to The Block, analysts at JPMorgan Chase believe that if Trump wins the US election, it may further drive the demand and pump the prices of BTC and gold. The JPMorgan team pointed out that retail investors are actively participating in so-called 'currency debasement trades,' increasing their investments in BTC and gold ETFs as a hedge against currency devaluation risks. Analysis shows that the net inflow of BTC Spot ETF in the past two days has reached 1.3 billion US dollars, making the total inflow in October reach 4.4 billion US dollars, the third highest in history. While the activity of institutional investors in BTC futures has slowed down recently, analysts believe that there may be a certain pullback risk in the BTC futures market. In addition, the inflow of funds into the gold ETF is mainly driven by retail investors. Analysts conclude that if Trump's victory can further stimulate retail investors to enter the BTC and gold markets, these assets may have more pump space.