QCP Capital: BTC has experienced three election cycles, all of which have rebounded and prices have never fallen back to their previous performance."
Online reported that at 18:50 today, QCP Capital issued an article on its channel saying,"What an unforgettable day. With a few more votes for Trump, the 2024 presidential election will be basically certain. Trump has maintained a lead in polls from the start, and now everything depends on Arizona, Michigan, Nevada and Wisconsin. In these states, more than half of the votes have been counted, and the balance is starting to tilt in Trump's favor. The dollar surged 1.2% to a high of 105 since July, while yields climbed. Fiscal spending will increase because the market expects stronger economic growth. The yield on the 10-year Treasury note rose 15 basis points, while the yield on the 2-year Treasury note rose 8 basis points, indicating stronger investor expectations. Although the market expects the probability of interest rate cuts to fall due to Trump's proposed 'friendlier' policies, the market still expects interest rate cuts to be cut 1.8 times this year and three more next year. The cryptocurrency market was booming, with BTC hitting a record high of $75,000, after previously hitting a previous record of $73,500 on March 14. Since then, BTC has been traded mainly in a narrow range below $70,000. It is worth noting that BTC has gone through three election cycles since its emergence in 2009, with prices bouncing after each election, and prices have never fallen back to pre-election levels. We expect this bull market to remain strong as we move into 2025."
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