Very good years are coming for bitcoin and cryptocurrencies, according to Ripio CEO

Argentine businessman Sebastián Serrano believes that the market is entering a new cycle, with greater liquidity.

There are bullish expectations for bitcoin in the remainder of 2024.

The recent drop in US interest rates is a positive catalyst for bitcoin.

There are several factors that would drive the growth of cryptocurrencies, in general. The latest macroeconomic movements in the United States have sparked optimism in the bitcoin (BTC) and cryptocurrency sector.

Sebastián Serrano, CEO of the Ripio exchange, believes that the digital asset market is entering a new stage of growth, characterized by greater liquidity. According to the Argentine businessman, very good years are coming for bitcoin and the rest of the cryptocurrencies.

In a statement sent to CriptoNoticias, Serrano highlighted that the recent 0.50% reduction in the interest rate by the US Federal Reserve (Fed) on September 18 is "excellent news" for crypto assets and markets in general.

This adjustment had an immediate impact on the price of bitcoin, which reached its highest level since the end of August. Before the announcement, BTC was trading below $58,000, but after the cut it rose to a range between $63,000 and $64,000, maintaining a 4% increase in the following days, as seen in the following TradingView chart.

Serrano explained that interest rates are crucial to understanding the value of money. "If rates are low, borrowing is cheaper, making it easier for people and companies to access funds to carry out projects," he said.

This creates a cycle where money loses value and other financial assets increase as more resources are available to purchase limited assets such as property, stocks and bitcoin.