'Debasement trade’ falls out of favor as inflation fears cool, JPMorgan says
CoinDesk
JPMorgan reports that investor demand for bitcoin and gold is waning as geopolitical tensions ease and inflation fears subside.Summary
JPMorgan analysts, led by Nikolaos Panigirtzoglou, report that the 'debasement trade'—which previously fueled demand for bitcoin and gold—is losing momentum. Investors are pulling capital from both bitcoin and gold ETFs while simultaneously reducing exposure to futures markets for these assets. This shift suggests a broader move away from hedges against inflation and geopolitical instability, likely driven by a cooling of tensions between the United States and Iran.
(Source：CoinDesk)