RE: Overwhelming FOMO... Is Bad for You!
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You can check them along withe the prediction market bets here: https://polymarket.com/dashboards/fed-rates
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You are viewing a single comment's thread:
You can check them along withe the prediction market bets here: https://polymarket.com/dashboards/fed-rates
Thanks! Looks like the betters expect a 25bps rate cut in mid-September, which would be good for crypto.
Yes, but somewhat high interest rates are needed to keep the market from speculating on too many bad investments. Theres is a good chance that very low interest rates could mark the blow up top for this bull market. 25 BPS cut will not do much. We are at 4.5%. Anything under 1% will be very dangerous IMHO.
We are pretty far from 1%! Even if Trump manages to replace Powell sooner rather than later, I don't think we'll get that low this cycle. And I agree, very low interest rates will make more funds available for risky investments, which will push prices up in a spiral, and then crash them. Kind of what we expect in crypto anyway...