According to The Block’s report, with the tense global geopolitical situation, especially with the upcoming US presidential election, investors are starting to seek safe-haven assets to counter economic uncertainties. JPMorgan Chase states that Bitcoin and gold will be the primary beneficiaries of the “debasement trade” as they are seen as alternatives to combat the depreciation of the US dollar and are considered to have the characteristic of “value storage.” However, Ethereum may not be favored due to its lack of this characteristic, as its value fluctuations are more driven by the development of its ecosystem rather than solely by hedging demands.
JPMorgan Outlook 2025 Trump Policies and FTX Capital Influx Drive Cryptocurrency Prospects