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QCP Capital’s Q4 2023 Forecast Warns of Volatility in Bitcoin and Stocks Amidst Macro Factors and Geopolitical Tensions




QCP Capital’s Q4 2023 Forecast Warns of Volatility in Bitcoin and Stocks

Introduction

QCP Capital’s Q4 2023 forecast warns of volatility in Bitcoin and stocks, citing macro factors and geopolitical tensions as key drivers. While it excludes hopes for European Training Foundation approval.

Forecast for Bitcoin and Stocks

Singapore-based QCP Capital issued a forecast for the fourth quarter of 2023 underscoring the uncertain landscape for Bitcoin (BTC) and stocks. The company indicated that Bitcoin price is currently driven by anticipation of SEC approval of BTC Spot ETF. However, QCP Capital does not expect any approval to occur this year, leaving Bitcoin price at the mercy of macroeconomic conditions.

Bearish on Stocks

The company is bearish on stocks, pointing to consensus optimism about the fourth-quarter rise as a contrarian indicator. They also put a mark rising real rates in the United States and geopolitical tensions, including conflicts in Ukraine and Palestine, as elements likely to affect the markets negatively. These factors can lead to a major decline in both stocks and bonds, which constitute the risk of a basic risk “the parity catastrophe.”

Long-term Traders Monitoring Tesla News

QCB Capital also suggests that long-term traders will be monitoring upcoming Tesla news earnings announcement, especially for details on whether Tesla has sold its remaining 25 percent Bitcoin collectibles.

Prepare for a Volatile Fourth Quarter

The company advises investors to prepare for a volatile fourth quarter, whether due to macro winds or geopolitical developments. This expectation is notable unique as other experts expected the fourth quarter to be somewhat positive for Bitcoin. CEO of BlackRock Larry Fink recently said that BTC is as well on “Journey to Quality,” while cryptocurrency analyst Jason Pezzino predicted that Bitcoin could start gathering towards a new highest level ever in 2023-24.

Conclusion

Overall, these forecasts point to a fairly interesting fourth quarter for the encryption market, especially for Bitcoin, as the leading token’s 4th halving is set for early 2024.

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Adrian Ovalle
Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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