If the Fed cuts rates by just 25 bps, “crypto will likely fall along with that,” said CEO of crypto hedge fund Asymmetric, Joe McCann.
A large interest rate cut by the United States Federal Reserve would be better for risk assets and the crypto markets and not bearish as some believe, says the chief of a crypto hedge fund.
Asymmetric founder and CEO Joe McCann told Cointelegraph it was a “coin flip” on a 25 or 50 basis point interest rate cut as the US central bank is poised to cut rates from their current 24-year high of 5.5% on Wednesday, Sept. 18, for the first time since March 2020.
McCann said when an outcome is priced at a 70% chance in the Fed futures markets, it historically has a 100% success rate.
