PANews reported on October 31 that according to The Block, JPMorgan analysts said that if Trump wins the US election, it may further boost demand and prices for Bitcoin and gold. The JPMorgan team pointed out that retail investors are actively participating in the so-called "currency depreciation trade" and increasing investments in Bitcoin and gold ETFs to hedge against the risk of currency depreciation.

The analysis pointed out that the net inflow of Bitcoin spot ETFs in the past two days reached $1.3 billion, bringing the total inflow in October to $4.4 billion, the third highest in history. Institutional investors' activity in Bitcoin futures has slowed down recently, and analysts believe that there may be a certain risk of a correction in the Bitcoin futures market. In addition, the inflow of funds into gold ETFs is also mainly driven by retail investors. Analysts concluded that if Trump's victory can further encourage retail investors to flock to the Bitcoin and gold markets, these assets may have more room for growth.