Bitcoin, cryptocurrencies are set to thrive with the lower interest rates target pivot announced by the Federal Reserve, the central bank of the United States.
Lower interest rates will bring much desired innovation money, capital to the cryptocurrencies sector, which will increase public adoption of Bitcoin, cryptocurrencies.
Capital begets capital and soon institutional investors like hedge funds, endowments, asset managers and even pension funds will follow the Silicon Valley venture capital funds’ lead.
And soon, of course, news outlets will start reporting daily on Bitcoin, cryptocurrencies and the wheels will start turning for the cryptocurrencies asset class.
In short, Bitcoin, a Ethereum, Ripple, Dogecoin, Monero and other major cryptocurrencies and more obscure cryptocurrencies are undervalued.
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