Kevin O’Leary: Bitcoin Will Stay Strong Despite No Fed Cut
Kevin O'Leary doubts a December rate cut but believes Bitcoin will remain strong regardless of Fed policy.
- Kevin O’Leary doesn’t expect a December Fed rate cut.
- He says Bitcoin will remain resilient despite the Fed’s stance.
- O’Leary isn’t adjusting his portfolio based on rate expectations.
In a recent statement, investor and “Shark Tank” star Kevin O’Leary made it clear he doesn’t expect the U.S. Federal Reserve to cut interest rates in December. But even without a rate cut, O’Leary believes Bitcoin will continue to perform well.
Speaking on the current macroeconomic environment, O’Leary expressed skepticism that the Fed would pivot from its cautious monetary stance so soon. While many investors are speculating about a potential rate cut to boost economic activity, O’Leary is not buying into the hype.
“I don’t think the Fed is ready to make a move yet,” he noted. “But that doesn’t change my view on Bitcoin.”
No Rate Cut, No Problem for Bitcoin
While traditional markets often react strongly to Fed policy, O’Leary pointed out that Bitcoin’s resilience makes it unique. In his view, the digital asset isn’t as reliant on interest rate movements as many assume.
This belief aligns with a growing narrative among crypto investors who see Bitcoin not just as a speculative asset but as a long-term store of value. Despite the uncertainty in broader financial markets, Bitcoin has remained relatively stable, holding key support levels and maintaining investor interest.
Investment Strategy Not Tied to Fed Decisions
Interestingly, O’Leary mentioned that his current investment strategy doesn’t revolve around what the Fed may or may not do. Instead, he’s focusing on long-term fundamentals and assets that can weather short-term volatility—including Bitcoin.
He emphasized that planning around rate cuts can lead to poor timing and missed opportunities. By sticking to resilient assets like Bitcoin, O’Leary believes investors can better navigate unpredictable economic conditions.
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