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QCP Capital: Market positives continue, continue to buy BTC at low levels
2024-05-15 11:24:00
Odaily News Crypto market maker QCP Capital released a report saying that there were two important news recently: Wisconsin purchased $100 million worth of BlackRock BTC spot ETF to observe whether other national institutions or pension funds will follow suit; Vanguard, the second largest asset management company in the United States, appointed former BlackRock executive and crypto-friendly Salim Ramji as the new CEO, which may mean that it will soon issue a Bitcoin ETF. At the same time, QCP Capital believes that CPI data will decline, which will be good for risky assets. Investors are advised to buy when the market falls, and two cumulative option strategies are given: in the next 12 weeks, as long as the BTC price is below $70,000, buy it at $56,500; in the next 20 weeks, as long as the BTC price is below $80,000, buy it at $56,000.