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Lower Interest Rates Will Definitely Not Cause a Global Economic Meltdown This Time I Promise

An illustration depicting an economic graph in free fall towards the ground with various cryptocurrencies floating above it like balloons; some have popped while others remain intact but look precarious; Bitcoin is shown as a large balloon at the center of the image. In the background, there are subtle hints of traditional financial institutions and regulatory frameworks trying to grasp or stabilize the situation. The overall atmosphere conveys uncertainty and volatility amidst potential growth and development in the crypto industry.

The eternal optimist HashKey Capital CEO is at it again! Citing the potential for DeFi summer 2.0 because interest rates might drop (yay!) is a classic move that’s about as believable as Bitcoin being used to buy coffee every day in Venezuela.

Source: cointelegraph

It’s been a wild ride in the markets in recent days. The United States Federal Reserve is forecast to cut interest rates in 2024, but uneven inflation prints and a somewhat contradictory jobs market have created a lack of consensus on the total number of rate cuts for the remainder of the year.  As we contemplate where the market goes from here, speculation remains around the question of what the […]

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