Venture capitalist Kevin O'Leary: December Fed rate cut won't have a major impact on Bitcoin.

Venture capitalist Kevin O'Leary stated that a potential rate cut by the Federal Reserve in December would have a negligible impact on the price of Bitcoin, contradicting market speculation that monetary policy is linked to cryptocurrency price movements. O'Leary downplayed the impact of a possible Fed rate cut in December, saying that persistent inflation could lead to continued tightening policy, and the price of Bitcoin will likely fluctuate within a range of about 5% above and below current levels.

In a recent interview, the investor, known for his appearance on the television show "Shark Tank," revealed that he expects the Fed not to cut rates in December, and that his investment portfolio is not based on this possible outcome.