QCP Capital Bullish on Bitcoin’s Performance in April
QCP Capital’s research report is optimistic about Bitcoin’s trajectory in April, citing that Trump’s hints at reducing tariffs have provided the market with a breather. Historically, risk assets tend to perform well in the second quarter, particularly in April, which is usually one of the best months of the year.
(Background: “Bitcoin Standard” Introduction: A Comprehensive Systematic Analysis of Bitcoin from Historical, Economic, Political, and Psychological Perspectives)
(Background Supplement: MSTR Confirms Bitcoin’s Successful Model: How Other Public Companies Can Mimic BTC Reserve Strategies?)
Following the Federal Reserve’s announcement last week to slow down the balance sheet reduction and the news of the Trump administration’s implementation of “reciprocal tariffs” on April 2, which is expected to exclude certain industries such as automobiles and semiconductors, market fears of a full-blown trade war have eased to some extent, supporting Bitcoin’s continued rebound. Bitcoin reached a high of $88,769 on Monday, and around 1 AM today, BTC once again broke through $88,000, with a slight retreat to about $87,766 at the time of writing.
QCP Capital: Bitcoin Typically Performs Well in April
In this context, QCP Capital points out in its research report that Trump’s hints at reducing tariffs have provided the market with a breather, and other industry insiders, including those from JPMorgan, have begun to believe that the worst phase for the market may have already passed. Furthermore, QCP Capital noted that historically, risk assets tend to perform best in the second quarter, particularly in April, second only to December’s gains:
The average annualized return of the S&P 500 in the second quarter is 19.6%, while Bitcoin during this period has also recorded the second-best median performance, only trailing the fourth quarter.
Bitcoin’s Next Key Resistance Level at $90,000
Regarding Bitcoin’s movement, cryptocurrency trader @DaanCrypto analyzed on social media platform X yesterday, indicating that Bitcoin is trading with a solid spot premium during this rebound. If it can maintain this level and break through the key resistance of $90,000, Bitcoin may reach a new all-time high:
BTC remains trading with a solid spot premium during this bounce. If it can maintain that while slowly making its way back into the previous range (above $90K), I’d be confident we’re due for a move back to new highs. For now, it still remains a big resistance, and the price has shown correlation with the stock market.
$BTC is still trading at a solid spot premium during this bounce. If it can maintain that while slowly making its way back into the previous range ($90K+), I’d be confident we’re due for a move back to new highs. For now, it still remains a big resistance and price has been…
— Daan Crypto Trades (@DaanCrypto) March 25, 2025
MicroStrategy Founder: Bitcoin Will Become a $200 Trillion Asset Class
Additionally, it is worth mentioning that MicroStrategy, the leading Bitcoin holder among U.S. public companies, and its founder Michael Saylor stated in an interview yesterday that Bitcoin will become the foundation of the global economy, with a market value reaching $200 trillion (given that the total Bitcoin supply is 21 million, if this target is achieved, the price of each Bitcoin would be close to $10 million).
At the same time, Saylor expressed that while Bitcoin possesses decentralized characteristics, it does not mean that it cannot be utilized by a particular country. He described a Bitcoin vision led by the United States:
If the United States views Bitcoin as a strategic asset, similar to our control over oil and nuclear energy in the 20th century, then we can dominate the next era of the global economy. This is not just a matter of money; it is a matter of power, influence, and sustainability. Bitcoin is the most powerful economic engine in human history, and it will allow the United States to maintain its hegemonic position for centuries to come and enable our civilization to achieve eternity.
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