Geopolitical Tensions And Upcoming Election Drive Investors To Gold And Bitcoin

According to BlockBeats, on October 3, analysts at JPMorgan indicated that escalating geopolitical tensions and the upcoming presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets, referred to as 'devaluation trades.' Analysts noted that this trend is driven by multiple factors, including heightened geopolitical uncertainty since 2022, ongoing inflation concerns, significant government deficits in major economies, and weakening confidence in fiat currencies, particularly in some emerging markets.