BlockBeats news, on October 3, analysts at JPMorgan Chase said that rising geopolitical tensions and the November presidential election are prompting investors to treat gold and Bitcoin as safe-haven assets, that is, “depreciation trades.” .
Analysts say this “depreciation trade” is driven by a variety of factors, including rising geopolitical uncertainty since 2022, ongoing inflation concerns, large government deficits in major economies and waning confidence in fiat currencies. Especially in some emerging markets.
