December Fed cut unlikely, but Bitcoin will be fine: Kevin O’Leary
Kevin O’Leary said he is not positioning his investments around expectations that the US Federal Reserve will cut rates in December.
American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto.
However, O’Leary doesn’t anticipate a Fed rate hold negatively impacting Bitcoin’s (BTC) price.
“I don’t actually think the Fed’s gonna cut in December,” O’Leary, also known as “Mr Wonderful,” told Cointelegraph during an interview on Tuesday, emphasizing that it’s not “gonna make a difference to Bitcoin.”
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