1 More Rate Cut This Year? Bitcoin Can Benefit
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The article discusses the potential for one more 25 basis point rate cut in 2024, as predicted by fed funds futures trading. This could bring positivity to U.S. investors, with Bitcoin potentially benefiting from such a move.
December 03, 2024 | 8:30 pm
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POSITIVE IMPACT
The potential rate cut in 2024 could positively impact Bitcoin, as lower interest rates often lead to increased investment in alternative assets like cryptocurrencies.
Lower interest rates generally make traditional savings less attractive, potentially driving investors towards alternative assets like Bitcoin. The anticipation of a rate cut could lead to increased interest and investment in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80