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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
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There is a high probability of an interest rate cut. Although various data from the U.S. has come out recently pointing towards a rate cut, most people believe that an interest rate cut is imminent. However, even if this data had not come out, a cut would still happen, because we are currently in a Trump bull market. I have mentioned in previous videos that if Powell does not cut rates, Trump will appoint a new Federal Reserve chairman ahead of time. Since the chairman appointed by Trump will inevitably follow his orders, a rate cut is certain. A few days ago, a guy posted an article about rate cut expectations that was sent to me by a KOL. I never read anything from these guys because it lowers my intelligence. Generally, after I post something, I don't look at anything else, not even log in. They say the certainty of a rate cut is like the shoe dropping, meaning the expected benefits are over. So now, it’s not about predicting whether there will be a rate cut, but rather everyone believes there will be one. Furthermore, they say that since a cut is coming, the expected benefits are already over, and the shoe dropping means the good news is over. Damn it, how did this become an end to the good news just because the shoe dropped? This rate cut brings a genuine flood of dollars, real cash flowing into various industries. This is not just an expected benefit; it’s a continuous stream of dollars buying various assets, especially in the U.S. Their dollars are more likely and willing to flow into financial markets. After all, money makes it easiest to earn profits here. When the water rises, the boat must rise too. It’s not like some idiots imagine the shoe dropping means the good news is over. They don’t even understand the most basic financial knowledge. Cutting rates is meant to stimulate the economy and lower borrowing costs, which means companies will borrow more money for development. As interest rates go down, less money will remain in bank deposits. A rate cut is just the beginning of the upward trend. So, avoid mindless content because the more you watch, the dumber you’ll become.