Analyst: Bitcoin Investors Should Focus on Fed's Forward Guidance
Illia Otychenko, chief analyst at CEX.IO, said that while lower rates are usually good for risky assets like bitcoin, investors should focus on the Fed's forward guidance. Even if the Fed chooses to cut rates by 50 basis points, the market's reaction will likely depend on Fed Chairman Jerome Powell's comments on future monetary policy actions. Without clear forward guidance, institutional investors may reduce their exposure, which could dampen bitcoin's bullish momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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