QCP Capital: GameStop's inclusion of BTC on its balance sheet may ignite speculative enthusiasm among retail investors

QCP Capital stated that as volatility declines, risk assets continue to rebound. BTC has risen 15% since briefly falling below $77000 last week, outperforming most other cryptocurrency assets. Meanwhile, S& The P 500 index rebounded by 5%, returning above $5800, while the VIX index fell from a high of 30 to 17. QCP believes that the stock market rebound is more of a tactical repair by asset managers reallocating risk assets, rather than an improvement in macro fundamentals. At present, the uncertainty of US trade policy and political situation is still high, and the market lacks clear expectations for the scope and timetable of future tariff measures, and short-term fluctuations may continue. In the field of cryptocurrency, BTC may have tactical opportunities to outperform in the short term. In addition, GameStop (GME) announced the inclusion of BTC on its balance sheet, a move that may ignite speculative enthusiasm among retail investors and recreate the market pattern of retail institutional confrontation in 2021.