Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

The US Federal Reserve Chair Jerome Powell has maintained a dovish stance on being able to bring inflation down to their target of 2%. While speaking at the 66th NABE annual meeting, Powell also hinted that any more potential rate cuts this year would be based on the incoming inflation data. This development is significant considering how much the Fed’s quantitative easing (QE) measures will affect the Bitcoin price.

Jerome Powell Is Confident That They Can Bring Inflation To 2%

Powell stated at the 66th NABE annual meeting that they are confident that inflation is on a sustainable path to dropping to their target of 2%. He further mentioned that they are confident that the US economy is strong overall.

The labor market is an area that has drawn concerns that the US economy might not be as healthy as it seems. However, the Fed chair stated that the labor market is solid, having cooled off from its volatile state two years ago. He added that they do not believe they need to see more cooling in the labor market to be confident that they are on track to achieving the 2% inflation target.

Meanwhile, Jerome Powell also suggested that the Fed is in no hurry to cut interest rates any further this year. At the September FOMC meeting, the Fed Chair had stated that there would be two more 25 basis points (bps) rate cuts this year.

However, in his latest speech, he warned that further rate cuts this year will depend on the incoming inflation data. He said that they would continue to assess the US economy meeting-by-meeting. The positive is that Jerome Powell is confident that the economy is heading in the right direction. He also assured that they won’t hesitate to cut rates if the inflation data is favorable.

Powell said there could be another 50 bps rate cut this year if these inflation data are favorable. This aligns with Federal Reserve’s Raphael Bostic, who hinted that he might favor another 50 bps cut this year.

Will The Bitcoin Price Continue To Rally

Despite Jerome Powell not asserting that there could be more rate cuts this year, the Bitcoin price still boasts a bullish outlook and could continue its rally. The trading firm QCP Capital recently alluded to global monetary easing policies from countries like China while stating that they expect BTC to benefit from such measures, given its status as a risk-on asset. Moreover, Bitcoin is entering the fourth quarter, when it records its most returns in the year.

It is worth mentioning that BTC is heading for a positive monthly close in September. Historically, whenever that happens, the flagship crypto also closes in October, November, and December in the green. Therefore, the Bitcoin price is expected to extend its rally in October. Moreover, the crypto has only recorded negative returns in October twice.

QCP Capital suggested that Bitcoin needs to break above $70,000 to reach new highs. 10x Research founder Markus Thielen predicted that BTC could reclaim $70,000 in the next two weeks. Thielen also predicted that the flagship crypto will reach a new all-time high (ATH) by late October.

Whatever happens in October, the BTC price price still boasts a bullish outlook in the long term. Cryptoquant’s CEO Ki Young Ju recently stated that the crypto is still in the middle of a bull cycle. He accompanying chart showed that the Bitcoin still has some room to move to the upside before its price peaks in this bull run.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.