Matrixport Investment Research: Summer consolidation superimposed on 'market shipments”, it is recommended to hold BTC positions and wait for the benefits of the US election to be realized

Matrixport Research Institute’s latest research shows that the recent focus is:

• BTC is still the asset with the best return this year, far surpassing Nasdaq

• The US presidential election is still As a positive factor for BTC, current data indicates that Trump has a higher winning rate

• The benefits of interest rate cuts may be difficult to realize this year, and BTC volatility is still at a low level

BTC is the asset with the best return this year , far surpassing the Nasdaq

Although BTC has entered a state of summer consolidation, it is still the best-performing asset so far this year. BTC’s year-to-date returns far outpace the Nasdaq (+22%) and the S&P 500 (+16%). Judging from the current market conditions, many crypto participants tend to invest in tokens with high yields and wait to see when BTC will enter the market.

The U.S. presidential election remains a positive for BTC, and current data indicates that Trump has a higher chance of winning

A U.S. presidential election year is usually bullish for stocks and BTC. Last year, Matrix on Target presented a BTC simulation, analyzing the average performance of BTC during the 2012, 2016, and 2020 US presidential elections. In July of the previous three election years, Bitcoin has returned nearly 36%. Interestingly, BTC is up 39% year to date, in line with simulated election year performance.

Interest rate cutsIt may be difficult to cash in this year, and BTC volatility is still at a low level

In the upcoming FOMC (Federal Open Market Committee) meeting, the committee may decide on the July 31st meeting Expressed willingness to start an interest rate cut cycle in September. Fed Chairman Jerome Powell is likely to reiterate this view at the Jackson Hole symposium on August 23, and the Fed may then cut interest rates on September 18 or December 18. The current tendency is to believe that the Fed may cut interest rates once this year in September or December, otherwise there will be no rate cuts.

The expected benefits from interest rate cuts may be difficult to materialize this year, keeping volatility relatively low. Even though previous bull markets have often seen violent consolidations, BTC has not experienced a large 20% move in the past 30 days. The Fed managed to prevent BTC from falling further through effective communication.

Mt.Gox tokens have been transferred multiple times, and the market panic about "selling" is obvious

Mt.Gox has started the repayment process. In recent days, there have been multiple suspected transfers of Mentougou tokens, causing the market to panic about selling; at the same time , the asset transfer of the US and US governments caused an escalation of panic: on-chain data shows that the German government recently transferred more than $195 million worth of Bitcoin to various crypto exchanges; according to Arkham information, the US government wallet address (starting with 349c6) was On the 4th, 237 BTC, equivalent to approximately US$13.67 million, were transferred to the address starting with bc1qvc. The "market shipment" information is superimposed, and the price of BTC fluctuates violently in the short term.

While monetary policy and the U.S. presidential election are seen as positive factors, investing in options, holding a small amount of risky assets, and investing in Treasury-linked tokens to earn high returns is a good idea.

Some of the above opinions come from Matrix on Target, Contact usto get the full report of Matrix on Target.

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