While gold has lost 5 percent in value since the 2024 US Presidential elections Bitcoin (BTC) 
$88,102 experienced a 30 percent increase. According to QCP Capital analysts, the situation shows that investors’ interest in Bitcoin, defined as “digital gold”, has increased. While capital is shifting from traditional safe havens, especially gold, to Bitcoin, this trend is considered a structural change.
Bitcoin’s Market Value Is Increasing Rapidly
Bitcoin’s market value reaches $1.73 trillion silverexceeded the value of fame. However, it is far behind the $17.5 trillion gold market. QCP Capital analysts say that if a 1 percent capital flow from gold goes to Bitcoin, it will be the biggest cryptocurrencyHe predicts that its value may rise up to 97 thousand dollars.
While this situation brings a great opportunity to the table for investors, it is considered a factor that strengthens Bitcoin’s “digital gold” narrative.
QCP Capital analysts see the current movement in the price of the largest cryptocurrency as a sign that capital flows are changing direction. Analysts noted that gold has begun to lose its former appeal as a safe haven and that this has a positive impact on Bitcoin.
Investors Are Focused on the $110 Thousand and $120 Thousand Levels
While Bitcoin was trading just below the critical $90,000 level, the premium on futures at the end of November exceeded 18 percent. This rise increased investors’ demand for positions at higher levels. Especially the interest in long (call options) at the level of 110 thousand and 120 thousand dollars is remarkable. This shows that investors are preparing for a possible upward move by demanding more margin and leverage.
With current data, Bitcoin is trading at $87,100 with an increase of 6.03 percent in the last 24 hours. biggest cryptocurrency‘s market value is at the level of 1.72 trillion dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
