"Altcoin Rally, Fed Rate Cut Is Key"... Arrington CIO, Emphasizes Impact Of Regulatory Changes
Ravi Kasa, the new Chief Investment Officer (CIO) of Arrington Capital, identified the rate cut by the United States Federal Reserve (Fed) and the passage of the stablecoin regulatory bill as key factors to lead the next rally in the altcoin market. He shared this view in a recent interview with DL News.
Ravi Kasa stated, “Altcoins react much more sensitively to regulatory changes than Bitcoin,” and predicted, “If the Fed cuts rates and the United States Congress officially passes the stablecoin bill, there could be a large influx of funds into the altcoin market.”
He also added that while many investors currently wish to liquidate their cryptocurrencies, “There is a need to wait a bit longer until the true rally arrives.”
With Bitcoin recently reaching an all-time high and drawing market attention, there has been a continuous evaluation that altcoins have relatively limited upward movement. However, if the two key variables of interest rates and regulations change simultaneously, the prospect of a full-scale upward cycle in small to mid-sized digital assets is gaining weight.