🚀Attention BTC enthusiasts! Economists at Goldman Sachs predict that the US Federal Reserve will begin lowering interest rates from Q2 2024. This move could boost investor interest in risk-on assets, including stocks, commodities, and cryptocurrencies like our beloved Bitcoin! 🎉
However, the pace of these interest rate cuts remains uncertain, with a possible scenario of 25 basis points per quarter. The Fed aims to normalize the funds rate once inflation is closer to target. Goldman Sachs' experts believe the Fed will continue dropping rates until reaching a 3-3.25% benchmark.
The end of the Fed's aggressive strategy, which began during the COVID-19 pandemic, could be a contributing factor for the digital asset market to flourish again. Notable figures like Galaxy Digital's CEO Mike Novogratz and SkyBridge Capital's founder Anthony Scaramucci share this belief.
Tom Lee of Fundstrat Global Advisors also thinks the Fed will start cutting interest rates in 2024, possibly even from Q1. So, keep an eye on these developments as they could have a significant impact on the crypto market! 📈