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QCP Capital: The price of BTC is expected to remain strong at the end of the year
Wu said that the latest QCP report pointed out that BTC broke through the historical high this morning, reaching $97,900, driven by institutional fund inflows and increased corporate focus on encryption assets. The strong demand for call options in January, March, and June indicates a strong market confidence in the long-term prospects. The net inflow of BTC ETF in the past three days has reached $1.84 billion, and the net inflow of US ETF has exceeded $29.4 billion this year, becoming the main force driving the inflow of BTC funds. Against the backdrop of further easing of monetary policy by Central Banks worldwide, BTC prices are expected to remain strong at the end of the year.