QCP Capital: The rapid market rebound reflects strong bullish sentiment, with short-term macro risks still present but with a continued upward bias.

BlockBeats News, December 4th, QCP Capital posted on its official channel stating that Trump announced a proposal in November to cancel the capital gains tax on cryptocurrencies issued by US companies. This ignited a frenzy in the altcoin market, which has persisted until today. Furthermore, the anticipation of a crypto-friendly cabinet has added fuel to the market. Although a related event in Korea yesterday caused the BTC trading price to briefly drop to a low of 93500, the subsequent rebound of mainstream crypto and altcoins can only indicate how bullish the market currently is.

QCP Capital believes that it does see some macro risks in the short term. Concerns about resurging inflation have led the market to reduce its expectations of US interest rate cuts to only 3 times by 2025. There are also geopolitical risks involving Trump regarding China, Mexico, Canada, and BRICS countries. However, despite these risks, they believe the cryptocurrency market is still poised for an uptrend. The Trump administration is likely to formulate crypto-friendly policies to attract more institutional interest. A BTC breakthrough of $100,000 is possible, and an ETH ATH breakthrough seems more like a reality than a dream. Respect the rally.