Hi all, I'm new to Crypto market. Would like to ask will US drop interest rate affect Crypto market in future ? Because I heard some people said that US drop interest rate = create biggest bubble and might explode next year (financial crisis). If this financial crisis happen, will it affect Crypto market ? If yes, will Crypto market rise or drop ... ?
The bubble's been filling up for a number of years now. But then, I've been seeing a global financial crisis almost every decade or so. Lived through the 1997 Asian one. Lived through the 2008/2009 economic crisis that supposedly set off Bitcoin on its path of no return.
That's around 11 years apart. We're kind of due one next year, though some economists will argue we're already actually in one right now.
It's going to be bad for everyone. I'm not thinking Bitcoin will benefit, at least not immediately. People who need cash and don't have it aren't going to be buying Bitcoin, is my simple logic.