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【JPMorgan: Bitcoin to Benefit from Trump's Presidency and MicroStrategy's Buy-the-Dip Strategy】 November 7th, as Trump wins the U.S. presidential election, JPMorgan analysts expect both gold and bitcoin to perform well, emphasizing "Currency Debasement Trade.""Currency Debasement Trade" refers to an investment strategy that benefits from currency devaluation or weakness, usually due to inflation or expansionary fiscal policy. In this trade, investors purchase assets such as gold and bitcoin, which are seen as stores of value that can maintain their worth even as the purchasing power of currency declines.JPMorgan's analyst team wrote in a report on Wednesday, "Due to tariffs, geopolitical tensions, and expansionary fiscal policy ('debt debasement'), 'Currency Debasement Trade' may be reinforced." The team is led by Managing Director Nikolaos Panigirtzoglou. "We do not view the initial negative market reaction of gold post Trump's victory as refuting the 'Currency Debasement Trade.' After all, Bitcoin, as another component of 'Currency Debasement Trade,' has risen post Trump's victory."When asked if JPMorgan has a price target for Bitcoin in 2025, Panigirtzoglou stated, "We are positive about Bitcoin in 2025," but declined to provide a specific price target.The analysts noted that retail investors are also supporting gold and bitcoin, with investments in gold and bitcoin ETFs increasing since last summer. They added that this trend is expected to continue until 2025, with Trump's policies potentially supporting both assets.The analysts mentioned that, apart from Trump's policies, Bitcoin may also receive further impetus from MicroStrategy. MicroStrategy announced an aggressive Bitcoin acquisition plan through its "21/21 plan." This plan involves raising $42 billion over the next three years, with half ($21 billion) coming from equity and the other half ($21 billion) from debt securities. "In 2025 alone, MicroStrategy will invest $10 billion in Bitcoin, roughly equal to the total amount they have purchased since mid-2020." the analysts said. (The Block)

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