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QCP Capital: BTC has experienced three election cycles, all of which have rebounded and the price has never fallen back to its previous performance

 at 18:50 today, QCP Capital posted on its channel, "What an unforgettable day. As long as a few more votes are cast for Trump, the 2024 presidential election is basically secured. Trump has been leading in the polls from the beginning, and now everything depends on Arizona, Michigan, Nevada, and Wisconsin. In these states, over half of the votes have already been counted, and the balance is starting to tilt towards Trump.

The US dollar exchange rate soared by 1.2%, reaching a high of 105 since July, while yields also rose steadily. This is because the market expects stronger economic growth and increased fiscal spending. The 10-year Treasury yield rose by 15 basis points, while the 2-year Treasury yield rose by 8 basis points, indicating investor expectations of strengthening. Although the probability of interest rate cuts is expected to decrease due to Trump's "friendlier" proposed policies, the market still expects interest rates to be cut 1.8 times this year and 3 times next year.

The cryptocurrency market is performing explosively, with BTC reaching a historical new high of $75,000, previously reaching a historical record of $73,500 on March 14. Since then, BTC has mainly traded in a narrow range below $70,000. It is worth noting that since its appearance in 2009, BTC has experienced three election cycles, and each time there has been a price rebound after the election, and the price has never fallen back to the level before the election. We expect this bullish trend to remain strong as we enter 2025."

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