QCP Capital: Bitcoin is expected to benefit from the stock market correction

According to TechFlow, QCP Capital's latest analysis on September 30 pointed out that at the end of the third quarter, Bitcoin and the stock market performed better than expected. Bitcoin rose by more than 7% in September, one of the strongest September performances in history; the S&P 500 rose by 5.1% in the third quarter, the best performance since 1997. Global risk appetite is strong, and the CSI 300 Index rose by 9% in a single day after China launched a large-scale real estate support plan. 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.