So, they decided to lower the interest rates in the United States with 50 points yesterday (that is, 0.5%), which is the first such action since 2020. That is interesting, especially because we know that the lower the interest rate, the more people tend to place their money in higher interest bearing assets, and higher risk assets, such as Bitcoin. In other words, it was no surprise to see that the Bitcoin price reacted in a positive way, even though it was a question if this was already priced in or not.
No matter what, I am curious now about the coming months. Are we in for a new bull-run like the start of the year, or will things be slow and just bumping back and forth like it has in the last 3-4 months?
It is obvious that the presidential election in the United States also will impact the markets in a major way. It isn't necessarily because it will impact us a lot, but because it now seems as if Donald Trump is the pro-Bitcoin and crypto candidate, so him winning will be counted as a win for the industry, while Kamala Harris will be looked upon in the opposite way (even though that isn't true either).
So, what can we expect? The Presidential election will be on November 5th, so we still have a lot of waiting time before we get there.
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