QCP Capital pointed out that Bitcoin has broken through the $70,000 mark for the first time in more than seven months. This is due to a variety of factors, including strong inflows of over $1 billion into the spot ETF last week. This excitement has extended to stocks related to cryptocurrencies. IREN, Hut 8, Bitdeer, and TeraWulf have benefited from increased demand for artificial intelligence and the recent rebound in BTC. The Trump administration may adopt an expansionary fiscal policy, which could drive up the deficit and inflation, and BTC is particularly likely to benefit in the medium term.
QCP: Bitcoin breaks $70,000 for the first time in more than seven months, and excitement extends to cryptocurrency-related stocks
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