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JPMorgan Analysts: Debasement Trade Driving Gold and Bitcoin Prices
Impact of Debasement Trade on Gold
The analysts at JPMorgan have pointed out a significant increase in the influence of the "debasement trade" on the prices of gold.
Growing Significance of Debasement Trade
According to JPMorgan’s findings, the debasement trade is playing a crucial role in propelling the prices of gold higher.
Influence on Bitcoin Prices
In addition to gold, the debasement trade is also having a notable impact on the prices of Bitcoin.
JPMorgan’s Observation
JPMorgan’s analysts have observed a growing connection between the debasement trade and the rising value of Bitcoin.