In-depth Analysis of the Impact of Japan's Rate Hike and the U.S. Rate Cut on Cryptocurrency Trends
In this episode of WuBlockchain Podcast, we once again discuss recent macro trends with Jiang Jinze, Chairman of MuseLabs, a global asset allocation research institution, and former Chief Researcher at Binance Research China. Due to Japan’s rate hike, global risk assets experienced a flash crash on August 5th. Jiang Jinze believes that this is not a typical crisis. He also argues that the current data is insufficient to support the view of a U.S. economic recession, so with the U.S. rate cut in September, there is a possibility of a rise in risk assets, including cryptocurrencies, in the fourth quarter. Ethereum’s trend may be similar to Bitcoin’s around the launch of the Bitcoin ETF. Transcript of the previous podcast: link The audio transcription was completed by GPT and may contain errors. Please listen to the full podcast: YouTube Spotify Apple Podcasts Please note: The views expressed by the interviewee do not represent those of WuBlockchain. WuBlockchain does not endorse any pr...