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Federal Reserve Chairman Powell has indicated that the Fed may have reached the peak of the interest rate hiking cycle, and Sciberras believes this could be a catalyst for a Bitcoin rebound in 2024. When interest rates are stable or declining, assets like Bitcoin become more attractive to investors because Bitcoin is widely seen as a hedge against the traditional financial system, and its scarcity is continually increasing, especially with the approaching halving in May of this year.
Investors are advised to pay attention to the inflation index in the Personal Consumption Expenditures (PCE) price index, as Powell has not ruled out the possibility of further rate hikes if inflation begins to rise. |
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Post time 15-1-2024 12:37:07