It seems that Jerome Powell, the chairman of the Federal Reserve, holds the key to the future of our investments in Bitcoin. If he gives any indication that the Fed plans to cut interest rates soon, the price of Bitcoin and, I assume, other cryptos should go up.
The truth is that we are closely watching what they decide about interest rates and the economic projections they provide. Although most expect the rate to remain between 4.25% and 4.50%, the real attention is on what Powell says in his speech. If his words sound like good news, we are ready to see how cryptos soar.
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