What will happen to the market after the next rate cut?
First: The election + a 50 basis point rate cut will definitely stimulate a surge in BTC. At this time, it will not be a big deal to effectively break through 74,000 and rise to 100,000 US dollars predicted by institutions such as BlackRock and Boston Consulting. At the same time, many altcoins will also usher in a good market, and there will be a lot of 10 times the coins after the 8.05 tragedy.
Second: After the rate cut, funds gradually need a place to hedge and make money. The approval of BTC spot ETF and BTC option ETF means that this is the best and only choice for big funds.
Third: In the short term, altcoins will have a good rebound, but this round of altcoins is unlikely to usher in a general rise like the last round. When we enter the market at this time, we must see which track the big funds and hot funds are in. The real general rise or crazy rise may be after the end of the year.
