Placeholder Partner: Fed Rate Cut Next Week Could Trigger Short-Term Risk-On Sentiment, But Market Sentiment May Quickly Turn Bearish

BlockBeats News, September 10th, Former Crypto Lead at Ark Invest, now Partner at Placeholder VC, Chris Burniske, stated, "The Fed's rate cut next week may trigger a risk-on impulse in the market, but the market is likely to quickly turn bearish after the initial spike as it frets about 'the not-so-rosy factors'."

Therefore, Bitcoin may initially follow gold's trend, but if risk assets are sold off in the fourth quarter, I expect cryptocurrency to be significantly impacted."