Matrixport: A new round of upward momentum is gradually forming

According to Bijie.com, on September 19, Matrixport released a weekly report saying that the US economy still shows strong resilience. The narrowing of the credit spread has reduced the cost of refinancing by enterprises and alleviated the impact of tariffs to a certain extent. Against this background, enterprises accelerate the introduction of artificial intelligence to improve operational efficiency and provide additional support for risky assets. Historical data show that narrowing of credit spreads is often accompanied by the strengthening of the stock market and Bitcoin, and these factors have jointly increased the possibility of the continued Bitcoin market in this round. The core risk of the current trend is still inflation. Although inflation remains above target, our model predicts that it will fall below 2.0% in the next few quarters, meaning the Fed is expected to extend the easing cycle. This judgment is different from the mainstream market expectations. The market generally believes that fiscal capital injection and de-globalization will keep inflation at a high level for longer. However, considering the continued decline in energy prices and the decline in housing costs, it is unlikely that inflation will remain above 3.0% for a long time. Although the core driving factors for Bitcoin's next round of market are not yet clear, a new round of upward momentum is gradually forming.