JPMorgan: The Bitcoin rally is not over yet.

The famous American bank JP Morgan issued a research memo on Friday, outlining its expectations for movements in Bitcoin prices in light of the recent record surge, which propelled the largest cryptocurrency by market capitalization to its all-time high.

In this regard, JP Morgan believes that Bitcoin still has more room to rise for about 8 weeks ahead, following Donald Trump's victory in the U.S. presidency, which boosts sentiment towards Bitcoin in particular.

From this perspective, JP Morgan clarified that Donald Trump's policies are likely to support the ongoing record rise of Bitcoin until 2025.

Additionally, the American bank distinguished gold and Bitcoin as assets that will benefit from "bottom trading" due to the increasing risks associated with tariffs and geopolitical factors, serving as hedges against currency weakness.