Crypto.com CEO Kris Marszalek is convinced that digital assets will be stimulated in the fourth quarter of the year, mainly driven by the US central bank that lowers interest rates.
Said marshal in one interview With Bloomberg on Tuesday that the income of Crypto.com will probably be better this year, “especially if we see a Fed rate reduction and a strong Q4 supporters.”
He added that he reduces competitions on the American Federal Reserve that reduce interest rates during the meeting of 17 September, which is usually good for crypto, because borrowing becomes cheaper and there is more liquidity available for riskier investments.
The last rate of the FED cut were between September and December 2024, when the rates fell from 5.5% to 4.5%, which led to crypto markets that achieved 57% during those four months.
CME Futures Prediction markets show that the chance of a speed reduction has streamed Up to 91.7% after FED chairman Jerome’s Jackson Hole speech on August 22, when he hinted to illuminate monetary policy.
Not yet a decision about IPO
Marszalek said that his company “has the figures” to make a public list, but would like to be private and have to make a decision.
Related: Rising Fed Rate Chatter can be a red flag for crypto: santiment
“I have to admit that it is pretty tempting to consider these options,” he said about a potential first public offer. Several crypto companies have collected billions of dollars in the midst of their public debut this year.
He added that the company had $ 1.5 billion in income last year, and about $ 1 billion in gross profit with re -invested of $ 700 million before he predicted that this year will be better.
“We were approached by all top names in terms of investment banks. We want to be a very well -run company, so we prepare everything, but at the moment no decisions have been made.”
Car on forecast markets
Marszalek also revealed that the company was planning to enter the prediction market. “We think that prediction markets will be huge,” he said before he adds, “sports are part of it, but it’s not the whole thing.”
“We want to be the liquidity center for prediction markets on the coast in the US, so we will play very aggressively in that space.”
Blockchain preface markets are currently dominated by Polymarket and Kalshi, who have affected regulatory and legal obstacles when offering event contracts in the US.
CRO is on Trump Media Partnership
Crypto.com announced a partnership on 26 August with Trump Media and Technology Group, the owner of the Truth Social Platform of US President Donald Trump.
The agreement includes the creation of a treasury strategy for the indigenous token of the Exchange, Cronos (CRO).
The token was almost 150% to $ 0.38 after the announcement, but has since been withdrawn to $ 0.27, with 72% a decrease compared to the all time of November 2021.
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