QCP: US trade policy uncertainty remains the focus of the market, and Bitcoin is expected to perform well in the short term

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On March 26, QCP released its daily market observation, stating, "As volatility continues to decline, risk assets are rising steadily. The S&P 500 index has rebounded to 5,800 points, a 5% recovery from its two-week low. Bitcoin has risen 15% since briefly falling below $77,000 last week, and during the same period, most Altcoins have outperformed Bitcoin.

Uncertainty regarding US trade policy and broader political situations remains the market's focus. Trump mentioned potential further tariff measures before the April 2 deadline. However, the market still lacks a clear understanding of the scope, timing, and scale of these potential actions. Before this, we expect the market to continue fluctuating.

In digital assets, we believe Bitcoin may perform exceptionally well in the short term. Surprisingly, GameStop (GME) has incorporated Bitcoin into its asset portfolio. Although this is not the first corporate adoption of Bitcoin, GME's symbolic status as a MEME company might reignite speculative enthusiasm among retail participants."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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