TechFlow news, October 31 — According to The Block, JPMorgan analysts predicted that a Donald Trump victory would further boost Bitcoin's momentum, driven by what they call a "devaluation trade" among retail investors.
"Retail investors appear to be embracing the 'devaluation trade' more strongly, buying Bitcoin and gold ETFs," the analysts wrote. "This retail impulse is also reflected in meme and AI tokens, which have shown strong market capitalization performance."
The analysts noted that gold ETFs have also seen sustained inflows, likely driven by retail investors, while institutional participation in gold futures has similarly paused. Overall, if Trump wins, retail investors are likely to not only purchase risk assets but also further embrace the "devaluation trade," potentially providing additional upside for both Bitcoin and gold prices under a Trump victory scenario.
