JPMorgan predicts Bitcoin and gold prices may rise if Trump wins election

JPMorgan analysts predict that Bitcoin and gold prices could rise if Donald Trump wins the upcoming election. They note increased interest from retail investors in these assets as a hedge against currency devaluation. Recent data shows that Bitcoin ETFs have seen significant inflows, totaling $4.4 billion in October alone. This is the third-largest monthly inflow since the launch of Bitcoin ETFs, indicating strong retail interest. However, institutional investors have stepped back from Bitcoin futures, which analysts describe as "overbought." Despite this, the analysts believe a Trump victory could further encourage retail investment in Bitcoin and gold.