Summary
- It was stated that Bitcoin is emerging as a risk hedge amid President Trump's rate cut demands.
- Funds exiting U.S. stocks and assets are flowing into Bitcoin, and the Coinbase premium has hit a record high.
- The Bitcoin spot ETF has seen the largest net inflow since January, indicating significant capital inflows into both gold and Bitcoin.
As U.S. President Donald Trump continues to pressure the Federal Reserve (Fed), an analysis has emerged suggesting that Bitcoin (BTC), along with gold, will benefit.
On the 22nd (local time), QCP Capital stated via Telegram, "Due to Trump's persistent demands for rate cuts and rumors of Federal Reserve Chairman Jerome Powell's dismissal, there is a massive outflow of funds from U.S. stocks, bonds, and dollars," adding, "As market anxiety grows, Bitcoin, along with gold, is emerging as a risk hedge."
Furthermore, it was noted that funds exiting U.S. assets are flowing into Bitcoin. QCP mentioned, "During U.S. stock market hours, Bitcoin spot trading volume is at its highest level since early April," and "Coinbase premium has hit a multi-month high, and the previous day, Bitcoin spot Exchange-Traded Fund (ETF) recorded the largest net inflow ($381.9 million) since January." This indicates that, along with gold, Bitcoin is also experiencing capital inflows.
As of 7:46 PM, Bitcoin is trading at $88,516 on the Binance USDT market, up 1.44% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
