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[QCP Capital: The Macro Environment Continues To Show An Increasingly Strong Bullish Trend For Risk Assets, Including Cryptocurrencies] QCP Capital, A Crypto Investment Institution In Singapore, Issued A Statement Saying That The Macro Environment Continues To Show An Increasingly Strong Bullish Trend For Risk Assets, Including Cryptocurrencies. With The Further Easing Of China's Central Bank And The Federal Reserve Joining The Global Rate Cut Cycle, All Major Central Banks (except The Bank Of Japan) Are Now Ready To Inject More Liquidity Into The Market. Over The Past Month, We Have Witnessed That The Difference Between The 2-year And 10-year US Treasury Yields (i.e., The 2s10s Spread) Continued To Widen, Rising By 40 Basis Points And Currently Trading At 21 Basis Points. Widening Spreads Generally Indicate Optimism About Economic Growth, Which Is Conducive To The Medium- And Long-term Performance Of Risky Assets. In US Politics, Kamala Harris Made Positive Remarks On Artificial Intelligence And Digital Assets At Her Fundraising Event. Subsequently, Tokens Related To Artificial Intelligence Rose. The Approval Of The US Securities And Exchange Commission (SEC) For Option Trading On IBIT (BlackRock's Bitcoin Spot ETF) Also Shows That The Acceptance And Demand For Digital Assets As A Class Of Assets Are Growing. While There Is Currently A Lack Of Unique Cryptocurrency Drivers To Drive Prices Higher, The Macro Environment Is Moving In A Favorable Direction, Which Could Drive Cryptocurrency Prices Higher. QCP Capital Believes That The Next Rally Will Surprise Many And Cause Them To Miss Out
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