Summary
- Ravi Kasa, the Chief Investment Officer of Arrington Capital, stated that the rate cut by the Fed and the passage of the US stablecoin bill are the main catalysts for the altcoin rally.
- He argued that regulatory changes have a greater impact on altcoins than on Bitcoin.
- He emphasized that investors wanting to cash out cryptocurrencies will have to wait longer.
Ravi Kasa, the new Chief Investment Officer (CIO) of Arrington Capital, stated in an interview with DL News on the 23rd (local time) that the Federal Reserve's (Fed) rate cut and the passage of the US stablecoin bill are the two biggest catalysts for triggering an altcoin rally.
He added, "Regulatory changes have a much greater impact on altcoins than on Bitcoin (BTC)," and "Investors looking to cash out cryptocurrencies will have to wait a bit longer."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
