Bitwise CIO: Cryptocurrencies to surge as Q4 macro uncertainty fades

Odaily Odaily News Bitwise Chief Investment Officer Matt Hougan expects cryptocurrencies to rise sharply after the current macro uncertainty begins to dissipate in October and November. He said that "the market hates uncertainty, and there is a lot of uncertainty in the current market." At this stage, although the market generally believes that the Federal Reserve will cut interest rates, the possibility of a 50 basis point cut in September has decreased. However, with Wednesday's CPI data and next week's key Federal Reserve meeting approaching, the possibility of a rate cut of more than 125 basis points by December has increased. (TheBlock)