QCP Capital: Multiple catalysts boost BTC's rise, and we still maintain a medium-term bullish view
QCP Capital posted on its official channel that despite Bitcoin falling to $54,000 and altcoins dropping 30%, causing panic in the market, the institution still maintains a bullish outlook in the mid-term. The positive factors it cites include:· Powell's dovish stance, with the market believing there is a 100% chance of a rate cut in September· The end of Germany's government sell-off· The launch of an ETH spot ETF is almost certain· Trump's appointment of J.D. Vance as Vice President
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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