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Institutions: Any Dovish Suggestions in September Could Boost Bitcoin Price

Summary: According to reports, Matthew Sigel, Director of Digital Assets Research at VanEck, stated that Bitcoin is a hedge against currency devaluation. If the Federal Reserve hints at adopting looser policies in the future, the cryptocurrency market is likely to interpret it as a green light. Joel Kruger, Market Strategist at LMAX Group, mentioned that all ...

According to reports, Matthew Sigel, Director of Digital Assets Research at VanEck, stated that Bitcoin is a hedge against currency devaluation. If the Federal Reserve hints at adopting looser policies in the future, the cryptocurrency market is likely to interpret it as a green light. Joel Kruger, Market Strategist at LMAX Group, mentioned that all eyes will be on the upcoming cryptocurrency policy report from the Federal Reserve and the White House. Any dovish remarks from the Federal Reserve or hints from the White House about strategically buying Bitcoin reserves could quickly reverse Bitcoin's recent weakness.

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