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[Golden News] QCP Capital's latest market commentary believes that the recent decline in Bitcoin prices is just a small episode in the upward trend and there is no need to worry too much. Analysts pointed out that although the trend of Bitcoin in Mt. Gox's cold wallet triggered a sell-off, these supply anxieties may only be a short-lived phenomenon in the broader upward trend at the end of the year. QCP Capital highlighted three bullish reasons, including the strong performance of the US stock market that spread to cryptocurrencies, political support for US presidential candidates, and the upcoming launch of a spot Ethereum exchange-traded fund. In addition, financial research firm Fundstrat Global Advisors expects the price of each Bitcoin to reach $150,000 by the end of the year.

[Golden News] QCP Capital's latest market commentary believes that the recent decline in Bitcoin prices is just a small episode in the upward trend and there is no need to worry too much. Analysts pointed out that although the trend of Bitcoin in Mt. Gox's cold wallet triggered a sell-off, these supply anxieties may only be a short-lived phenomenon in the broader upward trend at the end of the year. QCP Capital highlighted three bullish reasons, including the strong performance of the US stock market that spread to cryptocurrencies, political support for US presidential candidates, and the upcoming launch of a spot Ethereum exchange-traded fund. In addition, financial research firm Fundstrat Global Advisors expects the price of each Bitcoin to reach $150,000 by the end of the year.

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