The world has witnessed many changes in the global economy, especially in 2024. One of the most anticipated news is the decision of the Federal Open Market Committee (FOMC) on interest rates, which will be announced at 2 AM on December 19. In this context, the future of cryptocurrencies, especially Bitcoin (#BTC), is attracting the attention of many investors and enthusiasts.
With predictions from the market, there is a 95.4% probability that the Fed will lower interest rates by 0.25%. If this happens, the interest rate will drop to around 4.25% to 4.5%. This is a very positive scenario for Bitcoin, as history has shown that in the last 7 FOMC meetings, Bitcoin's price increased immediately after the Fed's decision in 5 of those instances. The reduction in interest rates not only helps to lower borrowing costs but also stimulates demand for inflation hedging, which further enhances the appeal of Bitcoin and other cryptocurrencies.
Furthermore, industry experts anticipate that the Fed may only implement 1-2 interest rate cuts next year, rather than the 4 times predicted in September. This will help maintain a positive growth trend for Bitcoin in the coming period. With the potential increase in demand from investors seeking safer alternative assets amid rising inflation and low interest rates, Bitcoin is becoming an attractive option.
Bitcoin is not just a currency; it is also an innovative technology that is changing the way transactions and investments are made globally. The rapid development of blockchain technologies and the cryptocurrency ecosystem is opening unprecedented opportunities for investors. Trust and acceptance within the community are also increasing, from large organizations to individual investors.
We are on the brink of a financial revolution, with Bitcoin and other cryptocurrencies leading this trend. Let's look forward to positive signals from the FOMC and plans for interest rate cuts in the near future. It is very likely that we will witness a boom in Bitcoin, opening new doors for financial development in the digital age.
