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Pan Du: At present, Bitcoin has only experienced one interest rate cut cycle in 2019, after a 360-day increase of 4.61%.

Licensed virtual asset management company Pandu Fund briefly commented on the Federal Reserve's interest rate cut and reviewed the historical performance of various assets after the interest rate cut, indicating that the Federal Reserve's September meeting cut interest rates by 2 yards (25 basis points per yard) to 4.75~ 5.00% range. Bitcoin (the new asset class after 2008) has only experienced an interest rate cut cycle in 2019, and its regularity has not been found in the performance of each time period. At present, its rise and fall still depends more on the fundamentals of Bitcoin, the degree of easing of the world's major central banks' monetary policies, and market sentiment. In a small sample, the price fluctuates. 30 days before the rate cut to the date of the rate cut: down 2.83%. 30 days after the rate cut: up 2.89%. 90 days after the rate cut: down 11.78%. 360 days after the rate cut: up 4.61%.