The Fed Cuts Interest Rates, Is It The Right Time To Create Crypto Investment?

Illustration of crypto investment in Nanovest (photo: Nanovest)

JAKARTA - On Wednesday, September 19 yesterday, the US Federal Reserve (The Fed) decided to cut the benchmark interest rate by 50 basis points (bps) to 4.75-5.0 percent.

With this cut in interest rates, the crypto market, particularly Bitcoin, has the potential to experience further increases in line with rising liquidity in the market.

Nanovest as a digital asset investment platform, said that this condition makes investors increasingly optimistic about the prospects for the crypto market. This optimism will then boost the price of other crypto assets, creating positive momentum across the market.

According to him, with lower interest rates, loan costs are cheaper, and this often encourages investors to look for more profitable investment alternatives, such as crypto assets.

Is the right time to invest in crypto?

For traders looking for opportunities in the midst of volatility, Nanovest argues that this condition can be the right moment to consider short-term strategies until the end of the year.

Currently, it can be seen that the price of Bitcoin remains strong and has increased after experiencing recovery where on Friday, September 20, Bitcoin was perched at US$62,000 or around Rp954 million.

This movement is expected to continue until Bitcoin reaches its highest price peak because the volume of purchases is still strong enough and supported by an evolving narrative.

"Being a momentum and a suitable opportunity for novice traders who want to start and want to invest in Bitcoin or Altcoin," concluded the company.