Gate News, March 24 — QCP Group stated that Trump’s last-ditch warning to Iran regarding the opening of the Strait of Hormuz failed to be implemented on time. Military actions were paused for five days, and the market temporarily stabilized. Although Bitcoin dropped below $70,000 over the weekend, its overall performance remained more resilient compared to previous risk-averse periods. Meanwhile, the US national debt surpassed $39 trillion, signaling rising stagflation risks and placing central banks in a policy dilemma. As the war continues and cross-border capital flows are hindered, Iran proposed settling the Hormuz Strait transit fees in RMB. QCP Group noted that the narrative of system leverage reduction and Bitcoin serving as a neutral settlement layer is shifting.
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