Bitcoin, Ethereum, Ripple and other cryptocurrencies are undervalued on a Federal Reserve possible pivot to lowering the target Federal Funds Rate and thus influencing global interest rates levels lower.
Major cryptocurrencies and more obscure cryptocurrencies are undervalued on the Federal Reserve lowering the target for the Federal Funds rate possibly in the second half of 2024.
Most Wall Street research analysts forecast that the Federal Reserve will lower the Federal Funds Rate target somewhere in the the second half of 2024. Some Wall Street research analysts forecast the Federal Reserve will lower the target for the Federal Funds Rate even in the first quarter of 2024.
Wolfteam Ltd.'s house view is that the Federal Reserve can indeed lower the Federal Funds Rate target in the 1H 2024 but the path lower will be much shallower and slower than Wall Street estimates.
That said, even the possibility of a path lower for global interest rates will get discounted into higher values for Bitcoin, Ethereum, Ripple, other cryptocurrencies, artificial intelligence, AI stocks, financial technology, fintech stocks and other growth stocks.
It is just that with lower interest rates levels investing in venture capital becomes more attractive. Thus the investments of venture capital funds flows into Bitcoin, Ethereum, Ripple and other cryptocurrencies projects and other technology projects. In addition to that, cryptocurrencies and technology startups can borrow at the prospective lower interest rates levels more cheaply and thus finance Bitcoin, Ethereum, Ripple, cryptocurrencies and other technology projects.
All in all, Bitcoin, Ethereum, Ripple and most other cryptocurrencies are undervalued, according to Wolfteam Ltd.'s corporate view.
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