1. From QT to QE, the most important thing is the reduction of capital cost, which has two very important impacts on the liquidity-dominated currency circle. The first is that BTC.D will peak, and funds will flow from conservative BTC to radical altcoins. The second is that QE will bring about a real violent bull market.

2. However, in the process from QT to QE, the US stock market has experienced a sharp drop in history. Institutions need to obtain chips at a lower price before the arrival of QE. This sharp drop usually occurs around the second and third interest rate hikes.

3. I am cautiously optimistic about the current market, bullish on September and October, but cautious about November and December#美国大选如何影响加密产业? #降息期待