Singapore-based cryptocurrency company QCP Capital noted in its recent report that $BTC demonstrates impressive resilience, holding above the $102,000 mark despite the volatility caused by the trade war between the US and China. The escalation of tariffs initiated by the US, with a 10% tariff on all imported goods and 34% on Chinese goods, prompted corresponding measures from China, leading to instability in global markets. However, Bitcoin, according to QCP, remains relatively stable, although it experienced a short-term drop to $92,000.
QCP Capital analysts emphasize that institutional demand, particularly through spot ETFs and corporate treasuries, supports the price of Bitcoin. For example, the Japanese company Metaplanet recently invested $104 million in BTC, contributing to a short-term rise to $107,000. Meanwhile, QCP advises investors to remain cautious due to geopolitical risks and possible liquidations in the market. The long-term outlook remains optimistic: experts like Arthur Hayes predict Bitcoin will rise to $1 million due to a possible devaluation of the yuan.
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