JPMorgan Chase: Trump's victory will bring additional upside to Bitcoin and gold

Odaily News Analysts led by JPMorgan Managing Director Nikolaos Panigirtzoglou said in a report on Wednesday that Trump's victory will further enhance Bitcoin's momentum, thanks to what they called "downtrading" among retail investors. Retail investors seem to be accepting downtrading in a stronger way, buying Bitcoin and gold ETFs. The analysts also pointed out: "The impulse of retail investors is also reflected in meme and AI tokens, which have performed well in market capitalization." (The Block)