Golden Finance reported that Joe McCann, founder and CEO of hedge fund Asymmetric, said that a 25 basis point or 50 basis point rate cut is a "coin flip" as the U.S. central bank is preparing to cut interest rates from the current 24-year high of 5.5% on Wednesday, September 18, the first rate cut since March 2020. He added that recent media reports and speeches by former Fed governors have influenced market expectations for a 50 basis point rate cut. McCann also said that a lower rate cut of 25 basis points may be unfavorable to the cryptocurrency market. "I think if the Fed cuts interest rates by 25 basis points, the stock market will suffer. Cryptocurrencies may also fall with it. The reason is that assuming the Fed cuts interest rates by 50 basis points, the stock market is already at an all-time high. If the Fed cuts interest rates by 50 basis points, it is likely to have a positive impact on risky assets such as cryptocurrencies."