In September, the Federal Reserve cut interest rates. Will the cryptocurrency market really see a surge?
My answer is: it will definitely rise, but whether it will surge is still unknown
I have also summarized the following three reasons:
First, given the recent favorable landing, the market has attracted short-term rises and then ended with a decline. This probability still exists; but this September rate cut is completely different from the past, and the script may change greatly
Second, after the rate cut is implemented, bank funds will undoubtedly flow out. The first to undertake this wave of traffic must be the financial market. In addition to the stock market, the cryptocurrency circle will also be the biggest beneficiary; because the current cryptocurrency circle has a very large influence in the world, with 560 million participants. Where there are people, there are benefits, and it is also the most suitable place for funds to flow
Third, except for the US stock market, which has been breaking the previous high, other stock markets are at a relatively low level, which will attract the favor of capital, and many high-quality companies will receive huge financial support; especially the artificial intelligence industry