Key Takeaways:
- Crypto.com CEO expects a Fed rate cut at the September 17 meeting to fuel a strong Q4 crypto rally.
- The company is considering an IPO but remains privately held despite $1.5B in 2024 revenue.
- Crypto.com plans aggressive expansion into U.S.-based prediction markets amid regulatory scrutiny.
Crypto.com CEO Kris Marszalek is predicting a strong fourth quarter for the cryptocurrency market, fueled by expectations that the U.S. Federal Reserve will cut interest rates at its September 17 meeting.
Marszalek told Bloomberg that lower rates generally benefit digital assets by easing borrowing costs and boosting liquidity for risk-on investments.
He highlighted that the Fed’s last rate cuts, from 5.5% to 4.5% between September and December of last year, coincided with a 57% crypto market surge.
Current CME futures data shows a 91.7% probability of a rate cut, particularly after Fed Chair Jerome Powell signaled a more flexible stance at Jackson Hole.
Marszalek also addressed a possible Crypto.com IPO, noting the company has the financial strength for a listing but is in no rush, having generated $1.5 billion in revenue last year with $700 million reinvested.
Looking ahead, the firm plans to enter U.S.-based prediction markets, aiming to become a major liquidity hub in that sector.
Additionally, its native token Cronos (CRO) surged nearly 150% after announcing a partnership with Trump Media, though it remains well below past highs.
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