QCP Capital Predicts BTC All-Time High, ETH Lags Due to Liquidity Issues
CryptoNewsTerminal Staff09 Aug, 2024
QCP Capital Predicts BTC All-Time High, ETH Lags Due to Liquidity Issues
Singapore-based crypto trading firm QCP Capital has released an analysis on the current state of the Bitcoin (BTC) and Ethereum (ETH) markets. QCP predicts that Bitcoin is poised for a new all-time high in Q4 2022, driven by a surge in institutional adoption and a growing narrative of BTC as digital gold. However, QCP also notes that Ethereum is lagging behind Bitcoin in terms of liquidity and institutional adoption. This is due in part to the lack of a clear narrative for ETH, which is often seen as a more speculative asset than BTC. Despite these challenges, QCP believes that Ethereum has strong long-term bullish potential. The firm has observed a large inflow of funds betting on BTC's long-term bullishness in the options market, while ETH only attracts short-term speculative funds. QCP's analysis provides valuable insights into the current state of the crypto market. As Bitcoin and Ethereum continue to evolve, it will be important to monitor the factors influencing their performance.
