Re: Bitcoin will pump soon? Lower interest rates in june.

Quote from: uneng on Today at 02:54:30 PM

Quote from: crypticj on March 22, 2023, 04:09:17 PM

So let's hope that we will see FED cutting interest rates in June. Good luck to everyone BTC Wink

Since the beginning of 2023 we have been hearing news about FED planning to decrease interest rates this year, and that is one of the main reasons why the market became so confident and optimistic so far, coming from 16,600$ in January to almost 28,000$ right now. If FED really achieves the goal stated months ago, it's very possible bitcoin will enter 35,000$ or even 40,000$ zone this year yet, what will definitely help the next bull run to gain even more traction in 2024.

This is just the rumor, if the rumor got it so high, imagine what the real situation would be looking like. If the rumor of "it will go down" made people put their money into bitcoin instead of interest, then when the time comes and the interest rates start to decrease, even more people will withdraw their money from there and put it in crypto, and that won't even be the last of it, the more people keep their money in interest, the more it will decrease over time and then they will withdraw too on the following ones as well.

That's how we should approach it and this is why in the next year as long as FED keeps on dropping the rate, there would be tens of billions of dollars that go in to bitcoin instead of being in interest.