Stefan Gratzer, managing director at J.P. Morgan, has suggested that if Donald Trump were to serve a second term, there could be significant changes in the first two years.

These changes could affect tax policy, deregulation, and cryptocurrency. Gratzer spoke about the uncertainty surrounding Trump's stance on cryptocurrency, stating that it could lead to unpredictable outcomes. He also mentioned that while deregulation could benefit financial institutions like J.P. Morgan, the actual impact is still unknown.

Financial experts are paying attention to the potential policy shifts under a Trump administration, as it could greatly alter the banking and investment landscape in the future.