QCP Capital: expects one rate cut in September, remains structurally bullish for the rest of the year

The Fed's dot plot remains ambiguous, making it difficult to predict whether officials are leaning toward one or two rate cuts this year, according to a post from Singapore-based crypto investor QCP Capital. QCP Capital expects a rate cut in September, with the Fed likely to take a wait-and-see approach in subsequent meetings in November and December.

Additionally, QCP Capital maintains a structurally bullish view for the remainder of the year, driven by expectations of ETH ETF S-1 approval and possible rate cuts in September and year-end.