Key facts:
The recent drop in US interest rates is a positive catalyst for bitcoin.
There are several factors that would drive the growth of cryptocurrencies, in general.
The latest macroeconomic movements in the United States have sparked optimism in the bitcoin (BTC) and cryptocurrency sector.
Sebastian Serrano, CEO of the Ripio exchange, believes that The digital asset market is entering a new stage of growthcharacterized by greater liquidity.
According to the Argentine businessman, “very good years are coming” for bitcoin and the rest of the cryptocurrencies.
In a statement sent to CriptoNoticias, Serrano highlighted that the recent 0.50% reduction in the interest rate by the US Federal Reserve (Fed) on September 18 is “excellent news” for crypto assets and markets in general.
This setting had an immediate impact on the price of bitcoinwhich reached its highest level since late August. Before the announcement, BTC was trading below $58,000, but after the cut it rose to a range between $63,000 and $64,000, maintaining a 4% increase in the following days, as seen in the following chart. TradingView.
Serrano explained that interest rates are crucial to understanding the value of money. “If rates are low, borrowing is cheaper, which makes it easier for people and companies to access funds to carry out projects,” he said.
This creates a cycle where money loses value and other financial assets increase as more resources are available to purchase limited assets such as property, stocks and bitcoin.
Criticism of the Fed’s cuts
Republican presidential candidate Donald Trump criticized the Fed’s decision, suggesting it reflects a weak economy. The rate cut was the first in more than four years.
Economist Peter Schiff also predicts a bleak future for the economy, warning that this move could trigger a deeper recession and rising inflation in the United States.
In fact, he believes that The decision will put the US government in checkThe economist believes that the Fed’s measure is a mistake in current monetary policy.
Despite the criticism, Serrano noted that There are other factors that reinforce optimism towards bitcoin.
Notable among them is the approval of Bitcoin and Ethereum ETFs in the United States this year. These funds, backed directly by the underlying assets, generate demand for BTC and ETH, which could further boost prices.
In addition, Serrano He described this integration of cryptoassets into traditional markets as “a historic step”which will allow a wider audience to access cryptocurrencies in a regulated manner.
US elections are a major factor for bitcoin
On the other hand, the political scene in the United States also plays an important role. The presidential race to reach the White House, which will culminate with the elections on November 5, has had bitcoin and cryptocurrencies as one of the main points of debate throughout the campaign.
Republican Donald Trump has shown his support for bitcoin promising to turn the United States into the global cryptocurrency capital and promote Bitcoin mining within the country.
In contrast, Democratic Party candidate Kamala Harris has taken a more moderate stance, but has pledged to promote both cryptocurrencies and artificial intelligence if elected, as reported by CriptoNoticias.
Interestingly, asset manager VanEck suggests that A Harris presidency could indirectly benefit bitcoinby implementing stricter regulations that highlight BTC’s competitive advantages, such as its ability to operate without intermediaries. This, according to VanEck, would accelerate the adoption of cryptocurrencies in a more regulated environment.
Thus, supported by macroeconomic movements, innovations in financial markets and the political context of the United States, The outlook for bitcoin and cryptocurrencies looks brighter than ever.
