QCP: Bitcoin Breaks $90K as Institutions Embrace “Digital Gold” and Risk Appetite Returns

New Bitcoin Acquisition Fund Launches Backed by Cantor, SoftBank, Tether, and BitfinexAccording to its latest market commentary, QCP Capital reported that Bitcoin has successfully broken through the key psychological barrier of $90,000, marking a renewed surge in investor appetite for risk-on assets — even as traditional safe havens like gold slipped 6%.The update comes as a consortium of major financial and crypto players — including Cantor Fitzgerald, SoftBank, Tether, and Bitfinex — reportedly launched a bold new Bitcoin acquisition fund dubbed 21 Capital (tentative name). The fund aims to become a flagship institutional vehicle for long-term BTC accumulation.Market Boosted by Trump’s Pro-Crypto Stance and Fund FormationQCP noted that the formation of 21 Capital aligns with a decisive shift in U.S. policy, as the Trump administration increasingly supports the “digital gold” narrative. This policy tailwind has delivered a major boost to crypto sentiment, pushing Bitcoin to fresh multi-month highs.“Bitcoin’s breakthrough above $90,000 highlights renewed capital flows into digital assets,” QCP wrote. “Gold’s retreat underscores the reallocation of risk appetite back toward cryptocurrencies.”The fund launch also arrives as institutional sentiment evolves from “testing the waters” to full engagement, with QCP noting that 21 Capital is positioned to become a new benchmark for long-term conviction in Bitcoin — potentially replacing Strategy (formerly MicroStrategy) as the face of institutional belief in crypto.Macro Risks Remain, But Fed Stability Helps Market ReboundQCP also highlighted a critical source of recent macro stability: President Trump’s decision not to replace Federal Reserve Chair Jerome Powell. The announcement helped ease pressure on long-term U.S. Treasury yields and reduced a significant “tail risk” for markets.While bond markets have stabilized, U.S. equities continue to hover near record highs, reflecting a cautiously optimistic stance from investors. However, QCP warned that the environment remains far from resolved:“Trade frictions, geopolitical tensions, and regulatory uncertainty continue to hang over markets,” the firm said. “Investors remain hyper-sensitive to potential macro turning points.”Institutional Crypto Market OutlookWith BTC climbing back above $94,000 and institutional products like 21 Capital entering the scene, analysts believe the current cycle is entering a new phase of credibility and capital allocation.If confirmed, this could mark a structural pivot toward long-term accumulation and reinforce Bitcoin’s status as a macro asset class — supported not only by ETFs but also by bespoke institutional funds and sovereign-level positioning.