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Thinking Crypto News & Interviews
🚨PREPARE FOR BITCOIN & ALTCOINS TO RALLY AS FED CUTS RATES!
Sep 12, 2024
Inflation has dropped to 2.5%, prompting expectations of a Bitcoin and altcoin rally as the Fed prepares to cut rates. A new UK bill aims to legally recognize cryptocurrency as personal property, signaling a shift in regulatory support. The podcast also discusses the transition from quantitative tightening, the impact on market opportunities, and significant developments in Bitcoin mining. Additionally, advancements in Ethereum's scalability through partnerships promise to enhance transaction efficiency, setting the stage for greater blockchain adoption.
14:39
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Quick takeaways
- The Federal Reserve's expected interest rate cut could lead to a significant rally in Bitcoin and altcoins by attracting more investment.
- The UK’s new bill recognizing cryptocurrency as personal property marks a crucial step towards legal clarity and potential wider adoption of digital assets.
Deep dives
Impact of Inflation and Federal Rate Cuts
Recent data shows that inflation has cooled to 2.5% year over year, marking the lowest level since February 2021. This decline gives the Federal Reserve the confidence to cut interest rates, with a 25 basis points cut expected soon. As a result, cheaper capital is anticipated to drive more investment into assets like stocks and cryptocurrencies, particularly Bitcoin and altcoins. The broader market is likely to experience a risk-on sentiment if the U.S. Dollar Index weakens, aligning with the seasonal patterns that favor a bullish trend in the fourth quarter of the year.
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