JPMorgan Just Flipped On The Fed—Predicted To Fuel A Huge Bitcoin Price Boom
Main Idea
JPMorgan predicts the Federal Reserve will cut interest rates, which could fuel a significant rise in Bitcoin prices, similar to the surge seen in 2024.
Key Points
1. JPMorgan analysts predict a 25 basis point interest rate cut by the Fed in September, citing stalled labor market growth and political pressure.
2. Bitcoin recently hit an all-time high of $123,000, driven by market expectations of Fed rate cuts and potential BlackRock ETF impacts.
3. The Fed's potential rate cuts are compared to the 2024 scenario, where similar actions led to a doubling of Bitcoin's price.
4. Federal Reserve Chair Jerome Powell faces pressure from political figures, including former President Donald Trump, influencing monetary policy decisions.
5. Market tools like CME’s Fed Watch indicate a 90% probability of a September rate cut, aligning with Bitcoin's recent rally.
Description
Analysts with JPMorgan have flipped to predict the Federal Reserve will cut interest rates in September...
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