The Fed Cuts Rates—But Bitcoin Isn’t Taking the Bait

The Fed Cuts Rates—But Bitcoin Isn’t Taking the Bait

Bitcoin jumped with exuberance on the news of a Federal Reserve rate cut. However, recent data indicates it is possible that Bitcoin’s ties to monetary policy might not be as strong as traders previously assumed. The Jackson Hole Economic Symposium, which is held every year and usually takes place in the last week of August, is arguably the most prestigious Annual Economic Policy Meeting. This phenomenal gathering of genius-level thinkers and ec…