QCP Capital Names Conditions for Bitcoin to Overcome $97,000
Analysts from the trading company QCP Capital stated that the Bitcoin rate could reach $97,000 if at least 1% of the capital invested in gold is redirected to the first cryptocurrency. QCP Capital noted that since the end of the US presidential election, Bitcoin has gained 30% in value, while gold has lost 5%. This reflects the shift of institutional investors’ capital towards digital assets, analysts believe. “Bitcoin’s market capitalization has reached $1.73 trillion and…
