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

News: QCP Capital stated in its official channel that the volatility of most asset classes continues to decline, and the market has entered a calm period due to the lack of meaningful news flow and macroeconomic data. Although news continues, the market seems increasingly numb to negative news, and headlines that might have previously triggered violent reactions are now lightly passed over. U.S. Treasury yields have fallen back after the fiscal turmoil caused by the so-called "grand beautiful bill" last week. However, the debt-to-GDP ratio remains above 120%, and the new bill is expected to increase national debt by an additional $3.8 trillion. The 10-year and 30-year U.S. Treasury yields have fallen below 4.5% and 5.0% respectively, while Japan's 30-year bond yield has also dropped below 3%. These levels remain historically high, but short-term risks have eased. Market focus is shifting to the 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 varieties planned for next week. The ministry seems aware of market resistance to long-term bonds and appears prepared to adjust its issuance strategy to suppress volatility at the long end of the yield curve. Ironically, the market is currently in a "just right" zone: the latest data is barely affected by last month's tariff policies. Businesses and consumers need time to adjust pricing and spending patterns, with changes potentially visible in third-quarter data. The Federal Reserve seems to agree, choosing to ignore recent data unless the economy dramatically deteriorates. Senator Lummis's broad remarks about stablecoin and Bitcoin strategic reserves have reignited hopes for substantive progress in cryptocurrency policy. Since the current administration took office, digital asset plans have been lukewarm, and this meeting might provide the necessary momentum to restart White House involvement. Additionally, Trump Media plans to raise $2.5 billion, joining companies establishing Bitcoin reserves. If the meeting generates momentum, we might see more companies following Strategy and Metaplanet's approach, providing new structural buying pressure to the market.