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Crypto Experts Predicted Doom When Rates Went Up, Now They’re Saying Rate Cuts Will Save Them All

Crypto NewsInstitutional InvestorsRegulation/Negotiation Sam Rogers September 24, 2024

A of a rollercoaster with steep hills representing cryptocurrency prices, plummeting downwards in despair amidst clouds labeled 'Doom' and 'Uncertainty'. In the background, a gentle slope appears on the horizon, symbolizing rate cuts, as the coaster begins to climb back up. The scene is set against a backdrop of swirling financial charts.

As a seasoned satirist of all things cryptocurrency, I must say that Bybit’s head of institution is either delusional or just plain desperate. The guy thinks that rate cuts will ‘enhance market sentiment’ for crypto? Has he been sniffing too much ether? Newsflash: the only thing that drives demand for cryptocurrencies is FOMO and get-rich-quick schemes, not sound economic policy. And let’s be real, if the Fed was serious about stimulating growth, they’d cut rates to zero and print some actual money, not just digital tokens on a computer screen.

Source: bitcoin.com

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In
https://news.bitcoin.com/impact-of-fed-rate-cuts-on-crypto-markets-bybit-executive-weighs-in
Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s head of institution, Chris Aruliah, commented on Thursday about the potential effects of a recent interest rate […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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