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Known for its cryptocurrency analyses, QCP Capital shared its latest market analysis, highlighting a potential shift towards safer assets among investors as the U.S. presidential elections draw nearer. The analysis pointed out that neither Donald Trump nor Kamala Harris, who recently faced off, offered clear economic policies, and the lack of policy commentary has led to disappointment in the cryptocurrency market.
Investors May Turn to Safe Assets as Elections Near
According to QCP Capital, although Harris seemed to gain an edge over Trump in public opinion following their debate, the event left both markets and the public with the impression that there is no clear leader or distinct policy direction.
The company believes that the absence of a guiding leader and clear economic policy brings uncertainty and that as elections approach, investors may shift towards safer asset classes to mitigate potential risks associated with the political climate. This forecast indicates a negative outlook for Bitcoin (BTC) 
$103,022 and altcoins.
Eyes on Inflation Data
Following the Trump-Harris debate, market focus has shifted to the Consumer Price Index (CPI) data, set to be released today at 3:30 PM TSI. Market expectations suggest that the CPI may drop from the previous 2.9% to 2.55%. However, QCP Capital believes there is a higher likelihood of an upward surprise that could affect market sentiment.
On the other hand, the company added that the CPI’s impact on markets might be limited due to the recent focus on employment market data, which has become a more critical economic indicator in recent months.
QCP Capital’s trading strategy reflects a cautious stance amid ongoing macroeconomic uncertainties. While preferring structures that could yield returns in bullish scenarios, the company remains careful given the current lack of clarity. Nevertheless, QCP Capital is optimistic that these uncertainties will begin to resolve in the fourth quarter, potentially providing a clearer path for investors.
