QCP Capital: Macro uncertainty in cryptocurrency market rises before presidential debate, bullish on Q4 Bitcoin trend

Odaily Planet Daily News: QCP Capital's latest report points out that macro uncertainty dominates the cryptocurrency market on the eve of the US presidential debate. The 30 day correlation between Bitcoin and the MSCI World Stock Index reached 0.6, approaching a two-year high. The options market shows active trading for options expiring on September 11th, with 400 contracts with an exercise price of $57500 sold. After the market expectation debate, the price of Bitcoin may fluctuate by more than 3.3%. QCP Capital believes that the market will closely monitor Kamala Harris' policy stance in the first debate, particularly in comparison to Trump's inflationary policies such as lowering corporate taxes and raising tariffs. Although Bitcoin is often seen as the 'Trump trade', if Harris actively mentions cryptocurrency during the campaign, it may bring unexpected surprises. QCP Capital reiterated its structural bullish stance for the fourth quarter, following a positive flow of funds in the Bitcoin spot ETF. They suggest obtaining stable returns at the current price level while maintaining upward potential.