Asymmetric founder: A 50 basis point interest rate cut will lead to a rise in cryptocurrencies

avatar
ODAILY
2 days ago
This article is machine translated
Show original
Odaily Odaily News: Joe McCann, founder and CEO of cryptocurrency hedge fund Asymmetric, said that a 25 basis point interest rate cut may be bad for the cryptocurrency market. McCann believes: "If the Fed cuts interest rates by 25 basis points, the stock market will be hit hard. Cryptocurrencies may fall accordingly. The reason is that if the interest rate is cut by 50 basis points, the stock market will be at a historical high." McCann said that if the Fed cuts interest rates by 50 basis points, it may have a positive impact on risky assets such as cryptocurrencies. (Cointelegraph)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments