In a research report released earlier this week, JPMorgan indicated that geopolitical tensions and the upcoming U.S. presidential election may bolster the "debasement trade," benefiting Bitcoin and gold, especially if Trump wins, which could improve Bitcoin's regulatory outlook and lead to tariffs and expansionary fiscal policies. Currently, markets are not anticipating a Trump victory, showing low probability across most asset classes except for gold and Bitcoin, as investors focus on recession concerns. If the situation mirrors the 2016 election, higher U.S. Treasury yields, a stronger dollar, and outperformance in U.S. equities, particularly in the banking sector, could follow. In contrast, Standard Chartered noted that Bitcoin is not considered a safe haven against geopolitical risks. Source: Coindesk
