This Bitcoin bull market cycle just overlaps with the Fed's interest rate cut cycle. The Fed's interest rate cut is expected to start in September and November, and will reach its lowest point by the end of 2024 or the beginning of 2025, which coincides with the high point of the Bitcoin bull market in this cycle. Therefore, Bitcoin will definitely fly higher in this cycle due to the Fed's interest rate cut and monetary easing policies.

With the Fed's continuous interest rate cuts, after it drops to 1.0 (the latest Fed interest rate is 5.5), the RMB exchange rate against the US dollar will most likely return to below 6.8! #BTC