🚨 Binance CEO Richard Teng is optimistic about the Fed's interest rate cut this week. He believes it will have a big impact on crypto 🚨
Richard Teng, the head of Binance, the world's largest cryptocurrency exchange, commented on the long-awaited Fed meeting. Teng stated that he thinks the interest rate cut will bring a significant increase to crypto.
Binance CEO Richard Teng painted an optimistic picture of the future of the crypto and digital asset markets, with the possibility of the US Federal Reserve (Fed) cutting interest rates. Teng emphasized that the interest rate cut could lead to a significant increase in crypto.
Binance CEO, who commented on the matter, stated that low interest rates always provide liquidity in the world and said
“We expect that the expected rate cuts will have a major impact on the prices of digital assets and cryptocurrencies. Low interest rates provide liquidity to the financial system, increasing the demand for risky, high-yield assets such as cryptocurrencies. For example, from February 2020 to February 2022, Bitcoin increased by 375% during the period when interest rates were near zero.
