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Singapore's QCP Capital Bullish on Crypto: Unveils Epic Bitcoin (BTC) Strategy

Sun, 07/30/2023 - 14:11
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Gamza Khanzadaev
Singaporean crypto asset trading firm drops market insights and unveils its Bitcoin strategy
Singapore's QCP Capital Bullish on Crypto: Unveils Epic Bitcoin (BTC) Strategy
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In a recent market update, QCP Capital, a prominent crypto asset trading firm based in Singapore, expressed its optimism toward Bitcoin (BTC) and Ethereum (ETH) amid an environment of nonchalance toward macroeconomic headlines and traditional market fluctuations. Notably, the report highlights that the correlation between leading cryptocurrencies and conventional macro drivers such as the USD and equities has plummeted to almost zero.

XRP Sees Catastrophic Drop in Volatility: What's Happening?

Despite the prevailing sideways trading in the market since the recent surge triggered by the XRP ruling, QCP Capital foresees an impending surge in volatility and a potentially substantial price upswing for BTC toward the end of this year and well into the next. The firm attributes this optimistic outlook to two critical factors: the forthcoming spot Bitcoin ETF ruling and the highly anticipated halving of Bitcoin.

QCP Capital has shown particular enthusiasm for a highly successful strategy that has displayed immense promise in navigating the current sideways market. Dubbed "Accumulators," this strategy is tailored to cater to professional and accredited investors, presenting them with an enticing opportunity to acquire BTC or ETH on a weekly basis at a generous 10% discount to the spot price, given it stays within a predetermined range.

BTC and ETH to USD by CoinMarketCap

Within the context of a medium-term range market exhibiting a bullish long-term bias, the strategy serves as a method to systematically procure coins at a discounted rate before significant price movements occur, effectively avoiding undesirable price levels in the unpredictable intraday market, as per QCP Capital's conviction.

How Many Ethereum (ETH) Addresses Show Real Activity? You Would Be Surprised

Should a substantial price shift transpire before the set period of 20 weeks elapses, QCP Capital suggests that investors can strategically restructure their trades to capitalize on such opportunities.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.