Bitwise CIO: Cryptocurrencies will surge as Q4 macro uncertainty fades

Bitwise Chief Investment Officer Matt Hougan expects cryptocurrencies to see a sharp rise in October and November after the current macro uncertainty begins to dissipate, saying that "the market hates uncertainty, and there is a lot of uncertainty in the current market." At this stage, although the market generally believes that the Federal Reserve will cut interest rates, the probability of a 50 basis point cut in September has decreased. However, with Wednesday's CPI data and the key Federal Reserve meeting next week approaching, the probability of a rate cut of more than 125 basis points by December has increased. (TheBlock)