So, here’s the thing: American entrepreneur and occasional space whale enthusiast Kevin O’Leary (aka “Mr. Wonderful,” because why not?) has decided to throw a spanner in the works of the universe’s favorite speculation game. 🛠️ According to him, the US Federal Reserve is not going to cut interest rates in December. Shocking, I know. It’s like finding out your towel is actually a time-traveling device. 🧣⌛
But fear not, fellow hoopy froods! O’Leary reckons Bitcoin (BTC) will remain as unbothered as a Vogon at a poetry reading. “The Fed’s not cutting in December,” he told CryptoMoon with all the certainty of someone who’s just discovered the meaning of life (spoiler: it’s 42). “And frankly, it’s not going to make a difference to Bitcoin.” 🤑
Bitcoin: The Couch Potato of the Crypto World 🛋️
“I’m not investing like the Fed’s going to cut rates,” O’Leary added, probably while sipping Pangalactic Gargle Blaster. “I just don’t see it. There’s a lot of inflation in the system, you know? Like, a lot.” 🌭🔥 The annual inflation rate hit 3% in September, which is about as welcome as a surprise visit from the Vogons.
“It’s a dual mandate-full employment and inflation,” he explained, as if the universe needed more reminders of its bureaucratic nonsense. Meanwhile, market participants are betting 89.2% on a Fed rate cut in December, according to the CME’s FedWatch Tool. Because, you know, why not add some chaos to the mix? 🎲
Crypto traders, ever the optimists, see Fed rate cuts as bullish for riskier assets like Bitcoin. It’s like they’re all suddenly shifting from tea to something far more intoxicating. ☕🍸 But an unexpected Fed decision? Well, that could send Bitcoin’s price into a tailspin faster than the Heart of Gold escaping the Vogons. 🚀💥
Yet, O’Leary remains as cool as a cucumber in a deep freeze. “Bitcoin’s found its level for now,” he said, probably while petting a two-headed dog. “I don’t see it going much lower. It’ll drift within 5% of where it is now, but don’t expect fireworks.” 🎆
Bitcoin’s currently trading at $91,440, according to CoinMarketCap. Which, let’s be honest, is about as stable as a three-legged stool on a spaceship. 🪑🚀
Fed Rate Volatility: The Universe’s Favorite Soap Opera 🧼
Market expectations for a December rate cut have been more volatile than a Hitchhiker’s Guide to the Galaxy plot twist. On Nov. 19, the odds of a cut plummeted to 33%, only to skyrocket to 69.40% two days later after New York Fed president John Williams dropped some dovish remarks. Because, you know, why not keep everyone guessing? 🤷♂️
Bloomberg analyst Joe Weisenthal summed it up perfectly: “The odds have massively increased.” Because when it comes to the Fed, nothing is ever straightforward. It’s like trying to navigate the universe with a broken Infinite Improbability Drive. 🚗💥
After the first rate cut of 2025 in September and another in November, markets were all but certain the Fed would keep the party going. But as we all know, the universe has a wicked sense of humor. 🌌😂
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2025-12-03 03:45