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Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss Cointelegraph 18 set 2024

Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss 📈

Joe McCann Asymmetric Federal Reserve

Joe McCann, CEO of the crypto hedge fund Asymmetric, suggests that if the Federal Reserve cuts interest rates by 50 basis points, it could significantly boost the cryptocurrency market.

However, he warns that a smaller cut of just 25 basis points may result in a decline for crypto assets.

McCann's insights highlight the sensitivity of the crypto market to the Federal Reserve's monetary policy decisions.

Fonte: cointelegraph.com ↗

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