摩根大通分析师表示，如果唐纳德·特朗普赢得美国总统大选，比特币和黄金可能会看到额外的上涨空间

摩根大通分析师表示，如果美国总统候选人唐纳德·特朗普赢得选举，随着散户投资者接受“贬值交易”，比特币和黄金都可能会看到额外的上涨空间。

If U.S. Presidential candidate Donald Trump wins the elections, both Bitcoin and gold could see additional upside as retail investors embrace the “debasement trade,” according to analysts at JPMorgan Chase.

摩根大通分析师表示，如果美国总统候选人唐纳德·特朗普赢得选举，随着散户投资者接受“贬值交易”，比特币和黄金都可能会看到额外的上涨空间。

In a recent report, JPMorgan analysts led by managing director Nikolaos Panigirtzoglou wrote that retail investors “appear to be embracing the debasement trade in an even stronger manger by buying bitcoin and gold ETFs.”

在最近的一份报告中，以董事总经理 Nikolaos Panigirtzoglou 为首的摩根大通分析师写道，散户投资者“似乎通过购买比特币和黄金 ETF，以更强大的方式接受贬值交易。”

As The Block reported, retail investors have been driving net inflows into spot Bitcoin exchange-traded funds (ETFs) over the past few days, bringing October inflows to $4.4 billion and marking the third-largest month for Bitcoin ETF inflows.

据 The Block 报道，过去几天，散户投资者一直在推动比特币现货交易所交易基金 (ETF) 的净流入，使 10 月份的流入量达到 44 亿美元，成为比特币 ETF 流入量的第三大月份。

The analysts noted these inflows, while institutional investors paused their BTC futures activity in recent weeks based on their Bitcoin futures position proxy, which is based on cumulative open interest changes on the institutional exchange CME.

分析师注意到了这些资金流入，而机构投资者最近几周根据其比特币期货头寸代理暂停了比特币期货活动，该代理基于机构交易所 CME 的累积未平仓合约变化。

A report from Binance Research showed that demand for BTC ETFs has been primarily driven by individual investors, who account for 80% of market activity. The report, however, noted that institutional interest grew by 30% since the first quarter of the year.

币安研究院的一份报告显示，对 BTC ETF 的需求主要由个人投资者推动，他们占市场活动的 80%。然而，报告指出，自今年第一季度以来，机构兴趣增长了 30%。

As CryptoGlobe reported, spot Bitcoin ETFs have seen their net inflows surpass $23 billion so far this year, with BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) leading the charge.

据 CryptoGlobe 报道，今年迄今为止，现货比特币 ETF 的净流入量已超过 230 亿美元，其中贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 和富达 (Fidelity) 的 Wise Origin 比特币基金 (FBTC) 领先。

Some analysts have linked Bitcoin’s recent price rises with U.S. Presidential candidate Donald Trump leading in election markets when it comes to election odds. Trump has taken a pro-crypto stance during this election cycle, going as far as saying there’s never been anything like Bitcoin.

一些分析师将比特币最近的价格上涨与美国总统候选人唐纳德·特朗普在选举市场上的选举赔率领先联系起来。特朗普在本次选举周期中采取了支持加密货币的立场，甚至表示从来没有像比特币这样的东西。

JPMorgan’s report also noted that gold ETFs have been seeing inflows that are likely driven by retail investors, with institutional participation in the gold futures market halting as well. It reads:

摩根大通的报告还指出，黄金ETF的资金流入可能是由散户投资者推动的，机构对黄金期货市场的参与也停止了。上面写着：

Overall, to the extent a Trump win inspires retail investors to not only buy risk assets but to also further embrace the ‘debasement trade’, there could be additional upside for bitcoin and gold prices in a Trump win scenario.

总体而言，如果特朗普获胜不仅会激励散户投资者购买风险资产，还会进一步接受“贬值交易”，那么在特朗普获胜的情况下，比特币和黄金价格可能会有额外的上涨空间。

Notably, demand for gold has reached a historic milestone in the third quarter, surpassing $100 billion for the first time, according to a new report from the World Gold Council (WGC), in a surge fueled by geopolitical tensions and a flight to safe-haven assets, which propelled the precious metal to record-breaking prices.

值得注意的是，根据世界黄金协会 (WGC) 的一份新报告，第三季度黄金需求达到了历史性里程碑，首次超过 1000 亿美元，地缘政治紧张局势和避险资产的涌入推动了黄金需求的激增。避险资产，推动贵金属价格创下历史新高。

Total gold demand rose 5% year-over-year to 1,313 metric tons, with its value surging by a staggering 35%. The gold rush has been so strong that gold funds saw an influx of $3 billion last week.

黄金总需求同比增长 5% 至 1,313 吨，其价值飙升 35%。淘金热如此强劲，以至于上周黄金基金涌入了 30 亿美元。

Featured image via Unsplash.

来自 Unsplash 的精选图片。