Scott Bessent hasn’t wasted much time.
The US Treasury Secretary expressed an intention to lower US interest rates in a recent video. And – while not entirely due to Bessent, of course – the US dollar is already showing signs of weakening, spurring hopes for Bitcoin ($BTC) and new crypto projects.
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A weakening dollar is a positive sign for Bessent’s quest for lower rates, and also a bullish indicator for crypto. A falling dollar could set up crypto for a strong Q2, historically one in which crypto has struggled.
Not that everything is coming up roses just yet; the Crypto
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