**QCP Capital: Central Bank Policies Enhance Crypto Market Outlook**

According to QCP Capital’s latest analysis, the macroeconomic landscape is becoming increasingly supportive of risk assets, including cryptocurrencies. Central bank actions, particularly from China and the U.S., are playing a pivotal role in shaping market sentiment.

QCP Capital's Wednesday report outlines various macroeconomic factors driving optimism in risk assets. The People's Bank of China (PBOC) recently implemented policies aimed at stimulating its housing and equity markets, leading to an 8% rise in Chinese A50 futures. One of the most notable measures is the introduction of a 500 billion RMB swap facility, which enables non-bank financial institutions to purchase Chinese shares—previously a privilege exclusive to national banks.

QCP analysts anticipate further easing from the PBOC and note that other major central banks, including the U.S. Federal Reserve, are likely to inject additional liquidity into the markets. "We believe more easing is coming from the PBOC, and they have communicated as much," QCP stated.

The analysts also noted:

“With the Fed joining the global rate-cutting cycle, nearly all major central banks (except the Bank of Japan) are now prepared to increase market liquidity.”

In the U.S., QCP highlights the growing spread between 2-year and 10-year Treasury yields, which widened by 40 basis points in the past month, now standing at 21 basis points. This widening is viewed as a sign of confidence in economic growth, which is positive for risk assets. The U.S. yield curve has remained inverted for an unprecedented duration—over two years—marking a record in the country’s financial history.

QCP Capital also points to key political developments, including Vice President Kamala Harris’s reported supportive comments on artificial intelligence (AI) and digital assets, as well as the SEC's approval of options trading for Blackrock’s Spot Bitcoin ETF. These events signal increased acceptance and growing demand for digital assets within broader financial markets.