Odaily Planet Daily reported that QCP Capital posted on its official channel that Bitcoin and the stock market performed better than expected at the end of the third quarter. Bitcoin rose by more than 7% in September, one of the strongest September performances in history, which is really eye-catching! 📈
At the same time, the S&P 500 rose 5.1% in the third quarter, the best performance since 1997. Global risk appetite is strong. After China launched a large-scale real estate support plan, the CSI 300 Index rose 9% in a single day. It’s really great! 🏡
QCP expects that Bitcoin is expected to benefit from a possible correction in the stock market against the backdrop of global monetary easing. QCP maintains a medium-term bullish view on Bitcoin and believes that a breakthrough of $70,000 may trigger further upward momentum. 🚀
Overall, although the overall market performance is strong, Bitcoin is still the star in our hearts! 🌟