On November 8th, Singapore crypto investment institution QCP Capital issued a document saying that yesterday, the net inflow of Bitcoin spot ETF 1.38 billion US dollars, a record high, coupled with the optimism brought by Trump's victory and the broad expectation of the Federal Reserve cutting interest rates by 25 basis points, jointly pushed the price of Bitcoin to 77,000 US dollars earlier this morning.
However, investors are starting to pull back some of the "Trump trade": the dollar has given up most of its post-election gains, while Treasury yields have fallen back into their recent range after a brief bout of big swings. As markets consider Mr. Trump's proposed 60 per cent tariffs on China and fiscal issues such as rising Treasuries, bitcoin's risk premium against equities is expected to fall, potentially putting it on track to outperform other risky assets.
Bitcoin's continued bullish sentiment could also create a feedback loop in which an increase in ETF inflows pushes up the bitcoin price, which in turn attracts more retail capital and systemic funds to buy as volatility decreases.
QCP Capital: Bitcoin's risk premium relative to stocks is expected to decrease
2024-11-08 11:06:24
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
QCP Capital：预计比特币相对于股票的风险溢价将会降低Next article：
一名涉密单位公职人员因投资虚拟币亏损出卖国家机密，被判无期徒刑
