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Bitwise Analyst: Expectations of Further Fed Rate Cuts Will Have a Positive Impact on Bitcoin

Bitwise Analyst: Expectations of Further Fed Rate Cuts Will Have a Positive Impact on Bitcoin

Bitget2024/09/16 16:50
BTC-2.17%

On 16 September, André Dragosch, Head of European Research at Bitwise, said, ‘The relatively strong manufacturing report suggests that the market's reaction could be positive if the Fed cuts interest rates by 50 basis points, as this leading indicator has already shown even an acceleration in underlying economic momentum in September, signalling a possible entry into the early stages of the “just right scenario”, i.e. low inflation, stable growth, and stimulative monetary policy.

 


In my view, markets will be driven more by expectations of a rate cut than the cut itself over the next few months.

 


Expectations of further rate cuts are likely to intensify due to the weak US economy and impending recession, which we expect to have a net positive impact on Bitcoin and crypto assets.’

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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