**Bitcoin and Gold Expected to Rise if Trump Wins Election, Says JP Morgan**

As geopolitical uncertainty looms, JP Morgan analysts predict further gains in both Bitcoin and gold. According to experts at the prominent bank, traders are feeling increasingly uneasy about the market, a sentiment that could benefit these two assets. This outlook stems from concerns over the strengthening of the dollar and the upcoming U.S. presidential election.

In a report published on Thursday, JP Morgan analysts highlighted the potential for a “debasement trade,” a scenario that could escalate demand for gold and Bitcoin. This trend might drive up prices for both assets in the near future. The analysts believe that a Donald Trump victory in the upcoming election would make such a trade more likely.

A "debasement trade" refers to traders' strategy to hedge against the weakening of traditional currencies, geopolitical instability, and growing government deficits. Traditionally, gold serves as a safeguard against the devaluation of fiat money. However, leading asset manager BlackRock suggests that Bitcoin, often referred to as digital gold, is also emerging as a reliable investment during these uncertain times.

According to the JP Morgan report, "Rising geopolitical tensions and the coming U.S. election are likely to reinforce what some investors call the 'debasement trade,' thus favoring both gold and Bitcoin." The report also notes that Republican nominee Donald Trump has adopted a pro-crypto stance. His policies, including increased tariffs, could lead to heightened inflation and further geopolitical strains.

Though Trump has historically been anti-crypto, he has shifted his position significantly this year, voicing strong support for the cryptocurrency sector. The former president has expressed a desire for all future Bitcoin mining to occur within the U.S. Additionally, Trump launched a decentralized finance (DeFi) project on Ethereum, which plans to issue its own stablecoin, as previously reported by Decrypt.

Currently, gold has reached new highs this year, while Bitcoin is trading at $70,114, just 5% below its March all-time high, according to CoinGecko data. With market conditions favoring these assets, investors are closely watching the upcoming election and its potential impact on both gold and Bitcoin.