In light of ongoing inflation concerns, Goldman Sachs’ market experts are forecasting the Federal Open Market Committee (FOMC) to momentarily hit the brakes on interest rate hikes this coming September.
Subsequent to this potential pause, rates are anticipated to dip—a shift that could signal a sunnier outlook for stocks, Bitcoin, and the broader cryptocurrency market.
Rate Recalibrations on the Horizon
Leading figures from the bank, such as economists Jan Hatzius and David Mericle, have spotlighted the underlying motivations for these expected adjustments. They discern a compelling drive within financial circles to recalibrate the funds’ rate, making it less prohibitive as inflation inches towards its target mark.
While the Goldman Sachs team is leaning towards the commencement of rate reductions by mid-2024, the Federal Open Market Committee’s forthcoming meeting could spell the end of rate elevations, they said.
By the time committee, members reconvene in November, consensus might be reached that inflation’s rapid ascent has decelerated sufficiently, negating the necessity for further hikes.
Bitcoin’s Potential Windfall
With Bitcoin currently hovering around the $29,300 mark, any change in the monetary policy landscape will undeniably ripple through cryptocurrency waters. Traditionally, a more relaxed interest rate environment tends to favor riskier assets, with cryptocurrencies often seen as prominent beneficiaries. As rates drop, traditional savings and fixed-income assets might appear less enticing, leading investors to hunt for alternatives that promise higher returns.
Bitcoin, recognized as a potential hedge against inflation and market volatility, could witness an influx of fresh investments. When central banks adopt a softer stance on interest rates, it often translates to more liquidity in the market. This surplus liquidity might find its way into assets like Bitcoin, driving its demand and, subsequently, its value by a significant amount.
It is very possible that we would see Bitcoin rally up to the $35k mark if the forecast were to come true. Right now, the crypto market is experiencing a minute downturn with the majority of top 10 coins in the red.
The coming months will be instrumental in determining the trajectory of both interest rates and the influence they wield on assets such as Bitcoin.
MicroStrategy, the business intelligence firm that has already amassed over 90,000 Bitcoin, is planning to raise $750 million through a stock sale in order to potentially buy more Bitcoin. The move highlights the company’s continued bullish outlook on the leading cryptocurrency, which has performed strongly in recent months, breaking barriers and reaching new all-time highs. The stock sale is viewed as another step in the company’s strategy to position itself as a major player in the cryptocurrency market.
Binance is currently the largest centralized crypto exchange (CEX). The platform is used by millions of people worldwide to trade and invest in cryptocurrencies. Additionally, it’s responsible for the launch of the BNB blockchain and it’s cryptocurrency, BNB.
On the decentralized side of things, we have the alternative investment platform, HedgeUp (HDUP). Hedgeup (HDUP) is one of the most exciting decentralized finance (DeFi) projects. Its platform token is HDUP.
How does BNB compare to HDUP as an investment?
BNB is a cryptocurrency that’s created and issued by the crypto exchange Binance. It was created in July 2017 and is native to the Binance Chain blockchain.
Binance (BNB) has been one of the top-performing cryptocurrencies since its inception. When it launched, the token was worth around $0.10. Now, it is worth around $331.40. This represents a growth of 33,000%, and that’s not even its peak price.
Between its launch and now, Binance (BNB) has gone on to achieve an all-time high (ATH) price of around $690. Experts believe that the token will top that price in the next bull cycle. But does that make it the better investment if you had $1000?
Let’s take a look.
Binance (BNB) costs a lot. It’s not as much as ether (ETH) and nowhere near bitcoin (BTC), but $330 is more than the average cryptocurrency is worth. $1000 will only get you 3 BNB tokens.
Furthermore, the Binance (BNB) token is one of the more mature cryptocurrencies in the market. This means that while it will still grow, its phase of rapid growth is over. The best predictions put it at $5,000 in the next decade. So, your $1,000 will grow to just over $15,000.
That’s okay, but nowhere near the 33,000% growth, the token has had in the past half a decade. And if you factor in inflation, it’s not that big of a return. Therefore, it’s certainly not the best you can make from your $1,000.
HDUP Shows Immense Potential for Growth
The HedgeUp (HDUP) token is the internal currency of HedgUP’s alternative investment platform. HedgeUp (HDUP) is the only platform of its kind in the web3 space. It is designed to allow people to invest in alternative assets, like luxury watches, valuable jewellery, gold, diamonds, and more, through NFTs.
Experts put this project among the top financial innovations of the next decade. What this means is that the HedgeUp (HDUP) token has immense potential for growth.
HedgeUp (HDUP) is currently in its presale phase. The token is available to interested investors for $0.013. This is quite cheap. With a thousand dollars, you could get 76,923 HDUP tokens.
But the best part is in the returns. HedgeUp(HDUP) is yet to reach its phase of rapid growth. This means that the best time to buy the token is now. Estimates say that it could do 30x in the summer bull run and probably more.
Find out more about the HedgeUp presale here:
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U.S. financial regulators, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have been increasingly focusing on the digital asset industry, raising concerns over regulatory clarity.
Singapore-based Crypto.com may be the latest digital asset exchange to face potential investigation and possibly wind up its U.S. operations. Is it true or a FUD?
James Deaton on Crypto.com
Attorney James Deaton, who serves as Amicus Curiae in the ongoing SEC vs Ripple lawsuit, attempted to clarify the situation regarding Crypto.com‘s alleged winding up. Deaton emphasized that the industry is mistaken if it believes Coinbase was the only exchange to receive a Wells Notice from the regulatory watchdogs. He hinted that other exchanges, including Crypto.com, could also face similar warnings.
Is This Information Verified?
Prominent Twitter account Whalechart, with over 290k followers, initially tweeted that crypto exchange #CryptoCom is under investigation by U.S. government agencies and may collapse or cease operations in the U.S. This tweet was subsequently shared by several accounts, including John Deaton, amplifying the potential misinformation. In response, Kris Marszalek, CEO of Crypto.com, debunked the claims, stating that the information was false and urged people to report ‘Whalechart’ for spreading misinformation.
U.S. Risks Losing Crypto Firms Due to Lack of Clarity
The regulatory overreach by the SEC and CFTC has been criticized by crypto industry leaders, who argue that the United States may lose several crypto firms due to the lack of regulatory clarity. As Bittrex U.S. prepares to wind up its operations, it remains to be seen how the regulatory landscape will evolve and what impact this will have on the broader crypto industry.
Undoubtedly, one of the financial markets with the quickest and most promising development rate is the cryptocurrency market. The crypto ecosystem exclusively concentrates on digital assets that are not controlled by any one body, unlike other markets that actively exchange real-life or physical goods.
Finding high-potential coins to invest in is all that is required. A lot of possibility for growth exists for many cryptocurrencies, and especially Unus Sed Leo (UNUS), Ripple (XRP), and Big Eyes Coin (BIG) are the coins to watch for potentially high gains.
The Amazing Ripple (XRP) Effect
Being a cryptocurrency and digital settlement network for monetary operations, Ripple (XRP) is a multi-purpose Platform. Chris Larsen and Jed McCaleb, the platform’s co-founders, made it available for the first time in 2012. Bearing several similarities with the SWIFT system, which serves as a network for international money and security transfers, and is widely employed by banks and financial intermediaries trading across currencies, Ripple’s primary operation is a payment settlement asset exchange and remittance network.
XRP, the native cryptocurrency token of the Ripple network, was released the same year the network was launched. The token was created to act as a middleman for transactions involving two different currencies or networks. In September 2013, Ripple Labs replaced OpenCoin. On the Ripple network, a transaction only costs 0.00001 XRP or around one cent at the moment’s exchange rates. Confirmations of transactions happen quite quickly. They often take four to five seconds, as opposed to the days banks could need to complete a wire transfer or the moments or even hours it might take for Bitcoin transactions to be validated.
Unus Sed Leo (LEO) – The Crypto to Watch
The term Unus Sed Leo stands for “one but a lion.” Because it was introduced on the Ethereum and EOS blockchains, it provides token holders and investors with more advantages than anyone previously anticipated.
The most recent cryptocurrency project of iFinex, the parent firm of the Bitfinex cryptocurrency exchange, is Unus Sed Led (LEO), which was introduced via an initial exchange offering (IEO) in May 2019. After the US authorities seized cash held by Crypto Capital, Bitfinex’s previous payment processor, the coin was introduced.
Leo is a dual-chain utility token that exists on the Ethereum and EOS blockchains. It was not the first decentralized cryptocurrency to be introduced during the stormy history of iFinex. LEO is one of the only cryptocurrencies with a restricted lifetime built into its protocols, which is just one of the project’s many distinctive features.
For every 10,000 USDT of UNUS SED LEO tokens held on the trader’s balance sheet during the preceding month, token holders get a discount of 0.05%. Every day of the month is taken into consideration while computing results. The greatest reduction is 5%.
What is Big Eyes Coin (BIG)?
Since it will be launched soon, The Big Eyes Coin (BIG) intends to utilize various strategies to increase its popularity and adoption. The first strategy entails acquiring customers by exerting influence on social media. Its first success will depend on how well and widely used the platform is at this early stage.
Initiatives that could benefit the industry. Users can earn money via these initiatives and get entry to upcoming Big Eyes Events. This is closely followed by promoting a list of the top 10 community-based non-fungible tokens (NFTs). These NFTs will play a significant role on the platform and raise awareness. The site will launch a club called Big Eyes Sushi. Users must purchase a Non-Fungible Token from the platform to get entry.
Big Eyes Coin (BIG) will generate money for the last stage via creating and selling tangible and digital goods. The platform’s cryptocurrency and ocean charity programs will be expanded with the money generated.
The platform is eager to benefit both its users and the wider community. A Visible Charity Wallet with 5% of the tokens will exist with the sole objective of preserving the seas.
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