Reported about 4 hours ago
As the Federal Reserve is anticipated to cut interest rates during the upcoming September meeting, Bitwise's Ryan Rasmussen discusses the potential positive effects on Bitcoin. With expectations of increased institutional interest and a predicted rise in Bitcoin's price to $200,000 by year-end, he notes that Bitcoin historically thrives in low interest rate environments, suggesting that a possible rate cut could lead to significant gains in the cryptocurrency market.
Source: YAHOO