JPMorgan: Geopolitical conflicts may attract investors' preference for gold and Bitcoin

ChainCatcher news, analysts at JPMorgan have stated that the escalating geopolitical tensions and the presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets, referred to as "devaluation trades."

Analysts indicate that this "devaluation trade" is driven by multiple factors, including the heightened geopolitical uncertainty since 2022, ongoing inflation concerns, massive government deficits in major economies, and a weakening confidence in fiat currencies, particularly in some emerging markets.