QCP: If 1% of gold funds flow into Bitcoin, its price may rise to $97,000

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The latest QCP report points out that since the election, the price of Bitcoin has risen 30%, with a market capitalization of $1.73 trillion, surpassing silver, but still far below the $17.5 trillion of gold. If only 1% of the capital in the gold market flows into Bitcoin, its price may rise to $97,000. Currently, the futures basis has exceeded 18% by the end of November, and the demand for far-out call options (with strike prices of $110,000 and $120,000) is strong. This trend indicates that investors' demand for leverage and margin tools is rising, preparing for a potential further breakthrough.

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