QCP: BTC Has Never Fallen Back to Pre-Election Levels, Strong Rally Will Continue Until 2025

BlockBeats News, November 6th, QCP Capital released a commentary on the U.S. election. The U.S. dollar exchange rate surged by 1.2%, reaching a high point of 105 in July, as market expectations of stronger economic growth and increased fiscal spending increased. The 10-year U.S. Treasury bond yield rose by 15 basis points, while the 2-year U.S. Treasury bond yield rose by 8 basis points, indicating strengthened investor expectations. Despite the reduced likelihood of a rate cut due to Trump's proposed "friendlier" policies, the market still expects a rate cut 1.8 times this year and an additional 3 rate cuts next year.

The cryptocurrency market is heating up, with BTC reaching a historic high of $73.5 billion in March and today hitting a new all-time high of $75,000. It is worth noting that since 2009, BTC has gone through three election cycles, with a new high point reached after each election, and the price has never fallen back to pre-election levels. We expect this bullish trend to remain strong in 2025.