Kevin O’Leary Doubts Fed Rate Cut, Sees Bitcoin Staying Stable

Kevin O’Leary doubts a December Fed rate cut and expects Bitcoin’s price to remain stable, citing persistent inflation and minimal impact from Fed decisions on the cryptocurrency’s value.

Kevin O’Leary has expressed skepticism about the likelihood of a US Federal Reserve rate cut in December, despite market expectations suggesting otherwise. He cites persistent inflation and rising input costs as reasons the Fed may maintain its current policy, emphasizing that he is not positioning his investments based on a potential rate cut. O’Leary believes that even if the Fed were to cut rates, it would have minimal impact on Bitcoin’s price, predicting the cryptocurrency will remain within a 5% range of its current value. He highlights that the Fed’s dual mandate of full employment and inflation control, along with ongoing economic pressures, supports his outlook. O’Leary dismisses concerns that a Fed decision will cause significant volatility in the crypto market, suggesting Bitcoin’s valuation is following a more independent path and will remain stable regardless of the central bank’s actions.