Markus Thielen, an experienced name in the cryptocurrency market, evaluated the possible effects of the FED's interest rate decisions on Bitcoin (BTC).

The USA announced interest data yesterday and the results were below expectations. The FED's promise to cut interest rates this year, which has not cut interest rates for a long time, created an increasing expectation with the low inflation environment.

While the interest rate cut was interpreted as a positive signal throughout the market, Markus Thielen, founder of 10x Research, offered a different perspective.

The rise may be short-lived
Thielen stated that the FED's possible interest rate cuts in September 2024 could only bring a short-term rise for Bitcoin, and this caused concerns in the market.

He also pointed out that Bitcoin may face more sales pressure than expected if the interest rate cut is delayed:

"If the FED reduces interest rates in September 2024 simply due to inflation concerns, this could mean a short-term rise for Bitcoin. However, if growth concerns come into play in September or later, Bitcoin could face serious selling pressure."

Historical data is remarkable
Thielen also took a look at the FED's past interest rate cuts. According to data, Bitcoin increased by 169% until July 2019, when the FED suspended interest rate hikes.

These data revealed that the increase occurred during the previous stagnation period rather than the interest rate cut.

After a seven-month pause in 2019, the Fed began lowering interest rates, which initially had a positive impact on Bitcoin. Thielen stated that Bitcoin gained 19% in value within a week after the interest rate cut on July 31, 2019, but prices followed a horizontal course two weeks later.

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