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Partner: Fed Rate Cut Next Week May Trigger Short-Term Risk Appetite, But Market Sentiment Could Quickly Turn Bearish
Summary: Former Ark Invest crypto head, now Placeholder VC partner Chris Burniske suggests that the Fed rate cut next week may trigger a wave of risk appetite in the market, but it could quickly turn bearish after an initial surge, as concerns over less optimistic factors arise. As a result, Bitcoin may initially follow gold's trend, ...
Former Ark Invest crypto head, now Placeholder VC partner Chris Burniske suggests that the Fed rate cut next week may trigger a wave of risk appetite in the market, but it could quickly turn bearish after an initial surge, as concerns over less optimistic factors arise. As a result, Bitcoin may initially follow gold's trend, but if risk assets are sold off in the fourth quarter, I anticipate cryptocurrencies will be significantly impacted.
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Link: Partner: Fed Rate Cut Next Week May Trigger Short-Term Risk Appetite, But Market Sentiment Could Quickly Turn Bearish [Copy]
