Internet reports that JPMorgan Chase said in a report released on Thursday that it believes Bitcoin will continue to benefit from the Republican Party's victory in the U.S. presidential election. The report stated that Trump's victory will have similar repercussions to 2016 in the next eight weeks or so. Although Bitcoin Internet soared after winning the election and gold prices fell, Trump's policies could support both in 2025. When traders try to hedge against currency devaluation and geopolitical resistance, both gold and Bitcoin can benefit from "devaluation trading." JPMorgan believes that Trump has repeatedly said he will support the digital asset industry and increase tariffs, and both policies may ultimately help Bitcoin.