According to crypto analyst Guy Turner, the digital assets industry will continue to thrive despite the Federal Reserve cutting interest rates. He believes that small-cap stocks and cryptocurrencies, particularly altcoins, will surge as the Fed continues to cut rates. However, he cautions that this bullish scenario only applies to the short term, as rate cuts in the long run could rekindle inflation and lead to higher interest rates. Turner also explains that markets immediately react to rate cuts, whereas it takes about two years before rate cuts can help the economy. He cites examples from 2021 and 2022 to support his claim.
- Content Editor ( dailyhodl.com )
- 2024-09-26
Crypto Will Continue To Rally Hard Amid Fed Rate Cuts, Says Coin Bureau’s Guy Turner – But There’s a Catch