Economists: The Federal Reserve's rapid interest rate cuts will significantly stimulate the rise of Bitcoin and altcoins in the coming months

ChainCatcher message, economist Timothy Peterson stated that the market is underestimating the likelihood of rapid interest rate cuts by the Federal Reserve in the coming months. "The Federal Reserve never envisioned such a gradual rate cut," he explained, adding that he expects "unexpected effects" to come into play, potentially catching the market off guard. "This will significantly stimulate the rise of Bitcoin and altcoins, and I believe this will happen in the next 3 to 9 months."