đ Dollar Weakens as "Trump Trades" Lose Momentum, QCP Capital Reports đ
After an initial post-election boost, the dollar has given back most of its early gains, and Treasury yields have settled within recent ranges. According to QCP Capital, a prominent crypto and macro trading firm, this reflects cooling investor enthusiasm for so-called "Trump trades." đđ
The shift follows President-elect Donald Trumpâs proposed 60% tariffs on Chinese imports and growing concerns around the national debt. These factors are pushing markets to reassess the impact of Trumpâs policies on the economy.
Initially, Trumpâs election led to strong rallies for both the dollar and Treasury yields đ, but these have since lost momentum. This signals a more cautious mood among investors, QCP analysts noted.
đĄ Bitcoin's Moment to Shine? đĄ
In this climate, QCP Capital sees Bitcoin (BTC) as a potential safe haven, a steadier alternative to traditional stocks. "Due to worries about tariffs and fiscal challenges, we project a lower risk premium for BTC relative to equities," QCP stated. This could create a favorable environment for Bitcoin to outshine other high-risk assets as fiscal issues mount. đđž
QCP suggests that BTC could act as a safer asset under current economic conditions, particularly as markets wrestle with Trumpâs trade policies and debt growth.
đ Is BTC Decoupling from Equities? đ
Analysts also observe that Bitcoinâs correlation with stock markets might be weakening, possibly attracting investors seeking assets outside of traditional stocks. With its unique resilience, BTC could be the alternative investors are looking for as they navigate this evolving economic landscape. #BTCâ #Bitcoinâ #Cryptocurrencies #BinanceSquareFamily #Altcoinsđđ