QCP: If 1% of gold funds flow into Bitcoin, its price may rise to $97,000
This article is machine translated
Show original
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.
Sector:
Source
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.
Like
Add to Favorites
Comments
Share
Relevant content