Deep Tide TechFlow News, January 14th, QCP Asia published an analysis stating that Bitcoin has finally broken through the $95,000 level that has been restricting its rise since November last year. In an economic environment where the US job market is stable and inflation remains steady, risk assets from stocks to precious metals, the US dollar, and even cryptocurrencies are showing an upward trend.
The report pointed out that although Bitcoin previously lagged behind the rally in stocks and precious metals, in the context of the US potentially implementing further fiat currency devaluation policies, Bitcoin’s relatively undervalued status compared to precious metals may prompt capital to rotate into digital assets.
Current market risks include the pending decision by the US Supreme Court regarding tariffs and any escalation in the Venezuela or Iran situations. However, the market seems to have already priced in these risks and continues to rise despite them.
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QCP: Bitcoin breaks through the $95,000 mark, still attractive relative to precious metal valuations
Deep Tide TechFlow News, January 14th, QCP Asia published an analysis stating that Bitcoin has finally broken through the $95,000 level that has been restricting its rise since November last year. In an economic environment where the US job market is stable and inflation remains steady, risk assets from stocks to precious metals, the US dollar, and even cryptocurrencies are showing an upward trend.
The report pointed out that although Bitcoin previously lagged behind the rally in stocks and precious metals, in the context of the US potentially implementing further fiat currency devaluation policies, Bitcoin’s relatively undervalued status compared to precious metals may prompt capital to rotate into digital assets.
Current market risks include the pending decision by the US Supreme Court regarding tariffs and any escalation in the Venezuela or Iran situations. However, the market seems to have already priced in these risks and continues to rise despite them.