Coinbase: Despite the October 11th flash crash, Bitcoin may still exceed expectations in Q4


 Coinbase published an article on October 16th stating that they are optimistic about the cryptocurrency market in the fourth quarter, but the leverage flash crash on October 11th has made us cautious. Nevertheless, we expect strong liquidity, a good macroeconomic environment, and encouraging regulatory developments to continue to support it. Especially with the support of favorable macroeconomic factors, Bitcoin may be able to exceed market expectations. In terms of policy, we expect the Fed to cut interest rates twice this quarter, which may encourage investors to put some of the $7 trillion currently held in money market funds into the cryptocurrency market.