According to Odaily Planet Daily, QCP Capital's latest report pointed out that the current macro environment is increasingly favorable for risky assets, including cryptocurrencies. The People's Bank of China has introduced a series of policies to stimulate the real estate and stock markets, including a 500 billion yuan swap tool for non-bank financial institutions, and these measures have begun to show results.

QCP Capital expects China to further ease its policies, and with the Federal Reserve likely to join the global rate cut cycle, major central banks (except the Bank of Japan) are ready to inject more liquidity into the market. The spread between the 2-year and 10-year U.S. Treasury yields continues to widen, currently reaching 21 basis points, indicating that the market is optimistic about economic growth. In addition, U.S. Vice President Kamala Harris expressed positive views on artificial intelligence and digital assets, triggering a rise in related currencies. The U.S. Securities and Exchange Commission (SEC) approved options trading for BlackRock Bitcoin Spot ETF (IBIT), showing that digital assets as an asset class are gaining more and more recognition and demand.