QCP Capital: The market continues to be positive, continue to buy BTC at low levels

According to ChainCatcher news, crypto market maker QCP Capital released a report saying that two important news have emerged recently: Wisconsin purchased $100 million worth of BlackRock BTC spot ETF to observe whether other national institutions or pension funds will follow suit; the United States’ second Vanguard, a large asset management company, has appointed former BlackRock executive and crypto-friendly Salim Ramji as its 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 positive for risk assets. It is recommended that investors buy when the market falls, and two accumulation option strategies are given: in the next 12 weeks, as long as the price of BTC is lower than 70,000 US dollars, buy it at US$56,500; in the next 20 weeks, as long as the BTC price is below US$70,000, If the price is less than $80,000, buy it for $56,000.