QCP Capital: Trump Media may lead more entities to follow Strategy and provide new structural buying opportunities for the market

Odaily Planet Daily News QCP Capital posted on its official channel that volatility in most asset classes continues to decline, and the market has entered a period of calm due to the lack of meaningful news flow and macroeconomic data. Although the news continues, the market seems to be increasingly numb to negative news, and those headlines that may have once caused a violent reaction are now lightly passed. U.S. Treasury yields have retreated after the fiscal turmoil caused by the so-called "Big Beautiful Act" last week. However, the debt-to-GDP ratio remains above 120%, and the new bill is expected to increase the national debt by another $3.8 trillion. The 10-year and 30-year U.S. Treasury yields have fallen to below 4.5% and 5.0%, respectively, and the Japanese 30-year bond yield has also fallen back to below 3%. These levels are still historically high, but short-term risks have eased. Market focus has shifted to the upcoming U.S. 10-year, 20-year and 30-year Treasury auctions in June. Meanwhile, Japan's Ministry of Finance will issue 40-year bonds today, with 30-year bonds scheduled for next week. The Ministry of Finance is well aware of the market's resistance to long-term bonds and seems ready to adjust its issuance strategy to curb volatility at the long end of the yield curve. Ironically, the market is now in a "just right" range: the latest data was largely unaffected by the tariff policy introduced last month. It will take time for businesses and consumers to adjust their pricing and spending patterns, and it may take until the third quarter to see these changes in the data. The Fed seems to agree with this view, choosing to ignore recent data unless the economy deteriorates sharply. Senator Loomis's extensive remarks on stablecoins and Bitcoin strategic reserves have rekindled hopes for substantive progress on cryptocurrency policy. Progress on digital asset initiatives has been tepid since the current administration took office, and this meeting may provide the needed momentum to restart White House involvement. In addition, Trump Media plans to raise $2.5 billion to join the ranks of companies building Bitcoin reserves. If the meeting can generate momentum, we may see more companies follow the lead of Strategy and Metaplanet, providing new structural buying to the market.