QCP Capital: The macro environment remains favorable for institutions to further participate in digital assets and allocate capital
ChainCatcher news, QCP Capital stated in an official channel that the market welcomes the tentative progress in Sino-U.S. relations. President Trump announced a partial withdrawal of the proposed tariff increase plan, and the agreement has entered its final stage, awaiting formal approval. However, the optimistic sentiment remains subdued. The U.S. Secretary of Commerce has taken a hard stance on technology exports, clearly stating that the U.S. "will not provide China with advanced chips." This highlights the trend of divergence in the global supply chain, as the market increasingly incorporates this factor into the pricing considerations of cross-border trade dynamics.Geopolitical tensions have escalated again, as nuclear negotiations have stalled, and the U.S. begins to withdraw diplomatic personnel from the Middle East. Reports indicate that Washington has received warnings about Israel potentially striking Iranian nuclear facilities, triggering a sharp reaction in the oil market. Brent crude oil rose by 7%-9% during the day, as investors shifted to defensive assets, leading to a sell-off of risk assets.Additionally, speculation about Bessent potentially succeeding Jerome Powell as the Chairman of the Federal Reserve has intensified but was quickly downplayed. Bessent publicly reiterated his commitment to serve at the Treasury until 2029. Meanwhile, after U.S. CPI data came in below expectations, President Trump once again pressured the Federal Reserve to "fully cut rates by 100 basis points," citing the unsustainable high cost of debt servicing.In summary, QCP Capital believes that despite a slight pullback, the macro environment remains favorable for institutions to further engage in digital assets and capital allocation.
