Bitwise CIO: Emergency rate cut by the Federal Reserve is unlikely
Bitwise CIO Matt Hougan said that it is unlikely for the Federal Reserve to have an emergency interest rate cut. Hougan told The Block, "Powell is very cautious, and it's also during the election, so the possibility of any emergency situation seems small. But we may see a 50 basis point rate cut in September and more than 100 basis points by the end of the year. We are entering a new cycle of global liquidity, just like the previous cycle."
Hougan also recalled March 12, 2020, the day of the market crash caused by the COVID-19 pandemic, when the Dow Jones fell 2,400 points and the price of Bitcoin plummeted nearly 40%. He said, "But guess what, that turned out to be a historic buying opportunity. Bitcoin rose more than 1,000% in the following year because central banks around the world took action and got rid of the crisis by printing money," Hougan believes that this looks more like a buying opportunity than a panic.
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.
You may also like
WEMIX Foundation Unveils WEMIX PAY Buyback Plan to Drive Sustainable Token Growth
The WEMIX Foundation remains committed to continuous innovation and community-driven growth, aligning its efforts with the evolving needs of its users.

Troller Cat Charges Toward 4000% ROI as Neiro and Notcoin Cool—Best Cryptos for Beginners in 2025
Troller Cat heats up as Stage 5 kicks in. Compare it with Neiro, and Notcoin to discover the best cryptos for beginners.Troller Cat ($TCAT): Stage 5 Goes Live—A 34.95% Price Boost Signals the Race Is OnNeiro ($NEIRO) Crashes Over 12% as Volume Surges Past Market Cap in High-Volatility MoveNotcoin ($NOT) Drops Over 6% as Traders Pull Back Amid Slowing VolumeConclusion

Texas May Create Bitcoin Reserve With Bill About to Be Voted
Bitcoin Rally Pauses Amid Trump’s Fed Criticism and Russia Talks

Trending news
MoreCrypto prices
More








