Bitcoin and other cryptocurrencies edged higher before the Federal Reserve’s final interest-rate decision of the year, with investors watching whether a cut could add support for risk assets.
David Siemer, co-founder and CEO of Wave Digital Assets, told Newsmax on Tuesday that lower rates typically help crypto because investors tend to seek higher returns when borrowing costs fall.
“Famously, crypto is a risk,” Siemer said on “National Report.” “Assets always perform well in lowering interest rates. People are always chasing returns. So we think it’s very bullish for crypto, particularly Bitcoin in general.”
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