QCP Capital: The surge of the Taiwan dollar may become a key signal for the macro market, and BTC may be affected by this in the future

ChainCatcher news, QCP Capital stated that the New Taiwan Dollar surged 8% this Monday, and other Asia-Pacific currencies like the Korean Won also generally strengthened. The spot rate of the New Taiwan Dollar and the one-year forward contract spread reached a 20-year high. This is mainly driven by rising market speculation regarding the US-Taiwan trade agreement, as well as Taiwanese insurance institutions increasing their dollar asset hedging.

QCP believes this could be an early signal of a global capital flow adjustment, similar to the significant volatility in the Japanese Yen last year due to interest rate differentials. Meanwhile, gold prices also rose nearly 3% on Monday, reflecting market concerns over a weakening dollar and geopolitical risks. In the future, Bitcoin may be affected by this, either decoupling from gold trends or benefiting from progress in trade negotiations, with the foreign exchange market potentially becoming a barometer for macro changes.