Benjamin Cowen believes history is repeating itself in the crypto market.
Cowen thinks the Fed is currently working on bringing inflation down to below 2%.
Bitcoin is about to complete a six-month pullback period.
Crypto analyst Benjamin Cowen says history is repeating itself, especially with what is happening in the U.S. economy. He points to key factors that could shape the Fed’s future economic policy changes and how those changes might affect riskier assets like crypto.
History is REPEATING!
Bitcoin holders – GET READY!
The great @intocryptoverse reveals:
What Comes NEXT!?$BTC $ETH $SOL $ADA
Full interview 
>> https://t.co/Kv0LiOWvT8 pic.twitter.com/xNOWvuKt3e
— Altcoin Daily (@AltcoinDailyio) August 25, 2024
Cowen believes the Fed is currently focused on lowering inflation from its current 2.92% to below 2%. He predicts rate cuts could happen as early as September, before the upcoming U.S. presidential election, with the Fed taking further steps to prevent inflation from bouncing back. The analyst notes that the U.S. employment rate is relatively low, and the Fed will aim to keep it that way to avoid hurting the economy.
Cowen also thinks the Fed might…
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