Prominent crypto analyst Michaël van de Poppe has shared his views on the upcoming FOMC meeting and its potential impact on the cryptocurrency market.
Analyst Shares Expectations
Michaël van de Poppe expects that the Federal Reserve (Fed) will not implement an interest rate cut, but changes may occur in the coming months. He believes that quitting QT or introducing measures for increased QE could lead to a rise in Bitcoin and altcoins.
Impact of Fed Decisions on the Market
Historically, interest rate cuts have been positive for the crypto market by increasing liquidity into risk assets. Analysts expect the Fed to hold rates steady but may hint at one or two cuts this year.
Bloomberg's Bitcoin Forecasts
Bloomberg Intelligence expert Mike McGlone predicts a significant drop in Bitcoin to $10,000, comparing the current situation to the dot-com crash of the 2000s.
The Fed's decisions may have a significant impact on the crypto market, but forecasts remain varied—from potential gains to considerable declines.
