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JPMorgan remains optimistic: "We are optimistic about Bitcoin in 2025"

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2024-11-08 01:36:09
Global investment bank JPMorgan Chase on Thursday released a report detailing how Donald Trump's recent victory in the US Presidential Election could boost bitcoin and gold investments, in line with the "depreciation trade" approach. The strategy focuses on buying assets such as gold and bitcoin, which tend to hold value during periods of currency devaluation, which is often spurred by inflation or fiscal policy that expands the national debt.
JPMorgan analysts also expect bitcoin to rise further, in part due to MicroStrategies' aggressive investment strategy, known as the "21/21 Plan." The strategy aims to raise $42 billion over three years, with funds split evenly between equities and fixed income securities. "In 2025 alone, MicroStrategies will invest $10 billion in bitcoin, which is roughly equivalent to its cumulative purchases since mid-2020," the report states!
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