Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says

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Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says
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As some observers expect bitcoin to catch up with the recent rally in stocks, QCPCapital suggests otherwise, saying the S&P 500 has overshot fundamentals. By godbole17

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According to QCP Capital, stocks have overtaken fundamentals and could soon fall back.

Risk assets, including cryptocurrencies, have mostly moved in the opposite direction to the two-year U.S. Treasury yield this year as the Federal Reserve embarked on its most aggressive rate hike cycle in decades. The two-year yield closely tracks the near-term interest rate and inflation expectations.

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QCPCapital godbole17 How young is Bitcoin?

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