QCP Capital: Cryptocurrency may eventually become a key part of the macroeconomy

Crypto Finance News reported that QCP Capital, a crypto investment firm in Singapore, said that cryptocurrencies may eventually become a key component of the macroeconomy. The options market for BlackRock's BTC ETF (IBIT) had a strong debut, with 73,000 contracts traded in the first hour on Tuesday. The ratio of call options to put options was 4.4:1. This high activity has made IBIT one of the top 20 most active non-index options, highlighting the growing institutional confidence in BTC as a mainstream asset class. This market response may attract new investor groups and enable the implementation of diversified trading strategies, which can help reduce volatility and downside risk, and solidify BTC's position in the mainstream market. Other BTC spot ETFs, such as Grayscale BTC Trust (GBTC) and Fidelity Wise Origin BTC Fund (FBTC), are also expected to launch options products soon. On the other hand, the selection of Trump's cabinet is drawing widespread attention, especially those friendly to the crypto sector, such as Musk, who was chosen as the secretary of the new Department of Government Efficiency (DOGE), and Pete Hegseth, who was nominated as the Secretary of Defense. Hegseth is a strong advocate of the decentralized value of BTC and has even pledged to hold rather than sell his BTC holdings. With the Republicans securing control of the Senate, most nominees are expected to be easily confirmed. Trump plans to finalize his cabinet picks within a week of Thanksgiving. These selections indicate the alignment between the new administration and the growing influence of digital assets in policy and finance.