Bitwise CIO: As macro uncertainty dissipates in Q4, cryptocurrencies will rise significantly

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan expects a significant rise in cryptocurrency after the current macro uncertainty begins to dissipate in October and November.

At this stage, although the market generally believes that the Federal Reserve will cut interest rates, the likelihood of a 50 basis point cut in September has decreased. However, with Wednesday's CPI data and next week's key Federal Reserve meeting approaching, the possibility of a cut exceeding 125 basis points by December has increased.