"Fed rate cuts to be more aggressive than markets expect… boon for crypto assets"

Suehyeon Lee

Summary

Economist Timothy Peterson said the Fed's rate cuts will occur faster than market expectations.
He said the market is not fully reflecting the possibility of these rapid rate cuts.
Peterson forecasted that sharp easing would be a strong upward driver for virtual assets such as Bitcoin and altcoins.

Economist Timothy Peterson (Timothy Peterson) said the U.S. Federal Reserve (Fed) will cut rates faster than markets expect, and virtual assets (cryptocurrencies) will benefit.

On the 20th (local time), according to Cointelegraph, Peterson pointed out, "The market is not properly reflecting the possibility that the Fed will quickly cut rates within the next few months. Historically, the Fed has never lowered rates gradually."

He said that such abrupt easing would be a strong upward force for Bitcoin (BTC) and altcoins, and forecasted, "The effect will appear within the next 3–9 months."

BTC