JPMorgan Chase: Bitcoin will benefit from Trump's election victory in the next eight weeks

JPMorgan Chase released a report stating: "We continue to believe that Trump's election victory could have similar effects as in 2016 over the next eight weeks or so. Although Bitcoin soared and gold fell due to Trump's victory, his policies may support both before 2025. When traders try to hedge against currency weakness and geopolitical headwinds, both gold and Bitcoin could benefit from 'devaluation trades'."