JPMorgan: Trump will promote BTC for "8 consecutive weeks", friendly BTC commitment, tariff policy double benefit

JP Morgan is bullish on BTC's performance after Trump takes office, predicting that its price will continue to rise over the next eight weeks. The report notes that Trump has repeatedly expressed support for the digital asset industry and increased tariffs, both of which may ultimately benefit BTC. (Synopsis: BTC sticks to $62,000, JPMorgan: Four major factors help BTC quickly face a violent bull market) (Background supplement: JPMorgan Chase warns: Trump's victory = inflation storm again, the Federal Reserve may suspend interest rate cuts in December) Trump was elected president of the United States in 2024, not only won the Electoral College vote, but also won the popular vote, and the encryption market ushered in a celebratory market. And now the US Federal Reserve (Fed) cut interest rates by another 1 yard as expected, and BTC was encouraged by easing policy to hit a new high today, climbing to $76,848 at one point. JP Morgan: BTC will continue to soar for 8 weeks Wall Street giant JP Morgan is bullish on BTC's performance after Trump takes office. The agency said in a report on Thursday that BTC will continue to benefit from Republican victories in the U.S. presidential election, and its price will continue to soar for at least eight weeks. We expect the Trump effect to continue to ferment over the next eight weeks or so, as it did in 2016. Looking back at history, BTC has performed in November and December in the last two election years: 2020: November rise 42.95%, December rise 46.92% 2016: November rise 5.42%, December rise 30.8% It can be seen that BTC is the rise after both election years, and it tends to be the month with the highest rise in the year! JP Morgan is optimistic that BTC will perform the same this year, at least until the end of the year. BTC price chart in the last two election years Trump's two major policies support BTC In addition, the report added that although the price of BTC soared and the price of gold fell after Trump's victory, his policy is expected to support the performance of both until 2025. Analysts at JP Morgan said in a note last week that BTC and gold could benefit from "devaluation trading," a strategy commonly used for Hedging currency depreciation and geopolitical risk. The report notes that Trump's victory could further promote such deals, as he advocates higher tariffs and geopolitical conflicts could escalate. According to Trump's policy statements and written statements over the past year, he has proposed tariffs of 10 to 20 percent on imports, and some speeches even mentioned higher rates, especially for China. Extended reading: JPMorgan Chase warns: Trump wins = inflation storm again, Fed may suspend interest rate cuts in December If the United States imposes tariffs on imported goods, it will raise the cost of imported goods, and companies may pass this cost on to consumers, causing prices to rise and exacerbating inflationary pressures. And JP Morgan believes that BTC is a tool for Hedging inflation. JP Morgan concluded that Trump has repeatedly expressed support for the digital asset industry and raised tariffs, both of which may ultimately benefit BTC. Trump's Cryptocurrency Promises Trump will take office as president of the United States on January 20 next year, and the Republican Party has taken control of the Senate. Although the House election has not yet been settled, the Republican Party is currently in the leading position, and if it successfully wins the House of Representatives, it will form a comprehensive governing situation. This will help Trump fulfill the cryptocurrency promises made during the election campaign, including the expulsion of SEC Chairman Gary Gensler, the inclusion of BTC into the national strategic reserve, and the building of the United States into a BTC superpower, etc., the moving area is sorted out as follows, and we can jointly monitor and witness whether Trump will keep his promises in the next 4 years. Extended reading: Inventory of Trump's "full support for cryptocurrency" Favourable Information commitment: BTC strategic reserve, expulsion of SEC chairman, non-issuance of CBDC. Related reports BTCETF sucks traditional funds to replace gold? JP Morgan poured cold water: did not flow to BTCETF, just bought physical gold bars Standard Chartered Bank is optimistic that BTC will break $125,000 at the end of the year, and rise another 60% in 2025 Trump's first term BTC soared 1900%! BTC can rush to $1 million this time? "JPMorgan Chase: Trump will promote BTC "8 weeks in a row", friendly BTC commitment, tariff policy double Favourable Information" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".