The Federal Reserve’s recent decision to cut interest rates by half a point has raised questions about its potential impact on both traditional financial markets and cryptocurrencies. Roundtable anchor, Rob Nelson, led a discussion on the implications of this larger-than-expected cut, bringing in insights from Jon Najarian, Co-Founder of Market Rebellion, Alex Mascioli, Co-Founder of TradetheChain.com, and David Gokhshtein, CEO of Gokhshtein Media.

Jon Najarian highlighted that the rate cut increases the attractiveness of bitcoin and gold, even though they do not provide yields. “When you cut rates, the idea of competitive pricing for where you’d like your money comes into play...bitcoin and gold become more competitive,” Najarian said, predicting continued interest in both assets leading up to the next Federal Reserve meeting.

Alex Mascioli observed that both traditional finance and cryptocurrency markets showed little immediate reaction to the rate cut. “We remain sideways to the election, just like equities, crypto likes uncertainty,” Mascioli noted, adding that more significant market moves would likely occur after the election, with potential gains for cryptocurrencies in the fourth quarter or early next year.

David Gokhshtein expressed a bullish outlook, referencing Jerome Powell’s hint at another possible rate cut by year’s end. “I think you’ll see bitcoin spike up, and I think you’ll see gold spike up as well,” he said, anticipating market activity as investors wait for the right moment to re-enter.

Mascioli echoed Gokhshtein's long-term optimism but remained cautious about short-term market behavior. “No matter who gets elected, we’re going to see a spike through the end of Q4,” he stated, agreeing that market volatility would largely depend on the outcome of the election.