In a recent QCP Capital commentary on the US election, it was revealed that the US dollar exchange rate surged as investors expect stronger economic growth and increased fiscal spending. This caused yields on the 10-year and 2-year US Treasury notes to rise, indicating increased investor expectations.
Despite expectations of a rate cut, the market still expects 1.8 rate cuts this year and three more rate cuts next year. The cryptocurrency market has also been performing well, with BTC hitting an all-time high of $75,000 today after reaching a record high of $735 million in March. Since 2009, BTC has gone through three election cycles with new highs following each election, and the price never falling back to pre-election levels.
It is expected that this bullish momentum will remain strong until 2025.
